Building Inventory for Spring and Summer Seasons
| Listing Information | |||
|---|---|---|---|
| Amount: | $19,900.00 | Status: | Loan created |
| Grade: | A | DTI: | 27% |
| Lender Rate: | 14% | Borrower: | yollo |
| Finished | State: | MD | |
| Funded: | 100% | Group: | Respiratory Therapy |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-04-27 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Apr 26, 2007 | Current |
| May 01, 2010 | Payoff in progress |
| May 11, 2010 | Paid |
|
-Purpose of loan: Glad that you have taken the time to read my listing. I am a full time program specialist and business owner. I am also the owner of a Beauty Supply retail adn distribution store located in an up scale neighborhood of Washington DC Metro area. I have invested over $200000.00 of my resources in the business and the turn over is great. We are anticipating about $50,000 monthly sales and a gross margin of about 45%. We are trying to raise the request amount to upgrade our inventory for the spring and the summer season as most beauty supply items are in most demend. We hope with diversifiy inventory we will be able to meet the needs of our customers and retain them for a longer time. We specialized in new and highly demand beauty products and try to keep up to date on the latest products in the markets. Hence our need for extra funds this seasonWe have A score rate with only one dilinquncy on over twenty years of credit record which as a result of a delayed payment when I was away for a national assignment overseas . and {If you have a low credit score, delinquencies and/or public records showing on your credit history, describe the circumstances here. Explain the reason for your low credit score, delinquencies or public record items. We will be more than willing to answer any questions and inquiries you may have. Thank you for taking the time to consider my request! Please let me know if I can answer any questions. Sincerely, DSA My financial situation: My monthly budget: Montly Gross income: 13500.00 Mortgage/rent: $3074.58 Insurance: $150 Car expenses: $451 Utilities: $350 Phone, cable, internet: $350 Food, entertainment: $350 Clothing, household expenses $100 Credit cards and other loan payments: $350 Other expenses: $500 Total monthly expenses: $7500.00 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 118395 | Building Store Inventory | A | $25,000 @ 12% | Apr 03, 2007 | Withdrawn |
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