Photo Rental Studio Startup

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Listing Information
Amount: $8,000.00 Status: Loan created
Grade: B DTI: 11%
Lender Rate: 11% Borrower: TheBridgeStudio
Time Left: Finished State: NY
Funded: 100% Group: Small Business & Self Employed
Loan Information
Loan Status: Current Origination Date: 2007-03-21 EricsCC ROI: 7%
Status History
Mar 22, 2007 Current
The Bridge Studio was opened three months ago to provide a studio for photographers that cannot afford to rent the big expensive studios so prevalent in New York.  It is located in Williamsburg, Brooklyn which is the center for artists and is extremely close to Manhattan.

I launched it with almost no capital doing all construction myself and using free promotional means such as craigslist and myspace.  The response has been amazing and the studio already has about 2 bookings per week and 10 or more inquiries about it.  The reason I launched the business this way was because I wanted to be positive that the venture would be successful before incurring any debt because of it.  I am now completely confident that it will be.

I am asking for this loan in order to assure that expenses are covered for the next two months while I continue to build it, to purchase some essential equipment for the studio such as light stands (C-Stands), to launch a website and for a small advertising budget so that I can begin advertising in some of the paid advertising methods such as print.
Borrower's Other Listings
109270 Photo Rental Studio Startup B $8,000 @ 11% Mar 10, 2007 Withdrawn

 

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