Business running capitol re-do
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|Loan Status:||Paid||Origination Date:||2007-04-20||EricsCC ROI:||14%|
|Apr 19, 2007||Current|
|Apr 20, 2010||Payoff in progress|
|May 01, 2010||Paid|
We're redoing the request for credit do to some typing errors in the earlier request
Purpose of loan:
To acquire business running capitol or business line of credit.
My financial situation: We feel that we are a good candidate because we have been in business for over 20 years. Our business has had good steady growth over the years. Making around $320,000. annually. In 2005 CVR had a $36,000 profit. In 2003 the president of the company had heart bypass surgery with complications lasting around 1 year. This was the primary reason for our personal bankruptcy. This has somehow affected the businesses credit even though it is a corporation . We have in our possession a letter from our bankruptcy attorney stating that our bankruptcy does not involve CVR Jewelers Inc. However it is still showing on our business credit. We have sent a letter to Experian asking them to remove the bankruptcy from our business credit report.
Right now I only have personal credit with Mohela, this is a student loan for my daughter.
CVR jewelers has an American Express card , Capital One card and a Household bank card. All in good standing.
If you need more explanation, please contact T.Rahim. If you would like a little more info on CVR go to CVRJewelers.com
Because I?m looking at credit for our business and not myself, I?m not sure how this debt to income ratio would work .
Here is a break down on CVR?s monthly bills
Rent : $1236.
Then there is ?Cost of goods sold?. This could be anywhere from $3000. to $9000. The more money we make in new sales the more ?Cost of goods? we have.
Here's a break down of our Personal bills
Water & Electrical $275
Comcast (cable tv): $76
Home, Medical, Car, life.
Student loan: $250
Doc. / Dentist: $100.
Missc:$150 Total $4,299
Thanks for reading my request
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|227289||Business running capitol||A||$11,500 @ 16%||Nov 06, 2007||Cancelled|
|361680||To buy an RV from my parents.||AA||$12,000 @ 17%||Jul 09, 2008||Expired|