Start Up Capital
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 12% |
| Lender Rate: | 18% | Borrower: | RiverValleyGroup |
| Finished | State: | ID | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-05-24 | EricsCC ROI: | -38% |
| Status History | |
|---|---|
| May 25, 2007 | Current |
| Oct 11, 2007 | Late |
| Oct 30, 2007 | 1 month late |
| Nov 25, 2007 | 2 months late |
| Dec 25, 2007 | 3 months late |
| Jan 25, 2008 | 4+ months late |
|
Purpose of loan: The purpose of this loan is to have a start up capital cash reserve account. We have 10 new employees within our orginization, River Valley Mortgage Group and currently fund 2.5 million in mortgage loans. We are looking for some start up capital to allow us to implement a strategic database management system and loan processing automation. Monthly gross income: $10,000-12,000 Monthly net income: $2800 Monthly expenses: $ Housing: $ 2800 Insurance: $ 130 Car expenses: $ 900 Utilities: $ 350 Phone, cable, internet: $ 300 Food, entertainment: $ 1100 Clothing, household expenses $ 480 Credit cards and other loans: $ 45 Other expenses: $800-rental, $1350-5 acre parcel, |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 134247 | Operational Reserves | B | $25,000 @ 9% | May 07, 2007 | Withdrawn |
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Discussion For This Listing
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