Business start-up capital
| Listing Information |
| Amount: | $10,000.00 |
Status: | Loan created |
| Grade: | AA |
DTI: | 24% |
| Lender Rate: | 10% |
Borrower: |
cityviewland
|
| Time Left: | Finished |
State: | NC |
| Funded: | 100% |
Group: |
(No Group) |
| Loan Information |
| Loan Status:
| 1 month late |
Origination Date:
| 2007-03-29 |
EricsCC ROI:
| -22% |
| Status History |
| Mar 29, 2007 |
Current |
| Oct 16, 2008 |
Late |
| Oct 30, 2008 |
1 month late |
|
Hello, I am applying for a loan of $10,000
to be used as start-up capital for a landscape construction business in the
rapidly growing city of Raleigh, NC. I have been in the industry for 9 years
and have worked for large firms in Boston as well as my current location of
Raleigh. Through that time I have gained valuable experience from others
triumphs and mistakes. I have a degree from the University of Massachusetts in
Landscape Contracting and Design as well as many industry certifications. I
already have verbal contracts of over $30,000 in installation work and my phone
has been ringing consistently since I started advertising three weeks ago. The money
borrowed will be uses to buy a few tools, office supplies, purchase materials
to complete two contracts, and to provide payroll for the first couple of
months until my first job?s invoices have been paid. I have money in the bank
right now, $15,000 in credit card credit available, and I really just need a
little more cash on hand for operating expenses. I will be leaving a well paying , stable job for the venture and this is not an on a whim decision. I suspect the money can be repaid
within 6 months time without a problem. I have already been approved for the
amount by another financial institution but thought I would try here for a
better rate. The business has already been set-up with the city and you can
view the web site at www.cityviewlandscape.com Thank you, Brian |
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