Seed money to start business of computer support/repair
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 15% |
| Lender Rate: | 11% | Borrower: | lochquel |
| Finished | State: | MN | |
| Funded: | 100% | Group: | No Bull Investors - We Invest In Good Borrowers |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-05-30 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| May 27, 2007 | Current |
| Aug 10, 2007 | Payoff in progress |
| Aug 16, 2007 | Paid |
|
Purpose of loan: Full time computer support/ service technician that is self-employed I am trying to grow and expand a small side-job that I have into something of a business , with hopes of one day quiting my day job and fixing computers full-time. I specialize in customer support, basically answering and fixing computer issues on site within clients home. I also perform installs and upgrades of personal computer systems per customer need. I have setup home networks within clients homes as well. Grow hobby into business, computer help/ repair .This loan would allow me invest in hardware inventory as well as allow me to purchase current tools for use in the field. I would also use some of the money to invest in testing equipment so that I would have the ability to take computers to my home to repair as I have time. This would include a testing on a electrical testing bench, various computer systems and upgraded internet connection (aka no dial-up!). My financial situation: I am a great candidate for this loan due to many factors. The loan would help me to immediately fund my operations, thus allowing me to accept more jobs/clients. With this cash flow as well as my current full-time income, this loan would be paid off in two years, most likely 1 if not sooner. I have not gone through a bank, as I've had to hassle with them to get to consider this a small business loan, plus the paperwork involved was daunting. I have a great credit history and have always paid all bills on time. The few personal loans I've taken out over small the years were always paid back in a few months. I basically need a bit more operating cash for things can take root and grow! Monthly net income: $ ~2000 Monthly expenses: $ 1700 Housing: $ 450 Insurance: $ 150 Car expenses: $ 100 Utilities: $ 250 Phone, cable, internet: $ 150 Food, entertainment: $ 100 Clothing, household expenses $ 100 Credit cards and other loans: $ 250 mostly student loans, plus monthly credit card bills that are always paid in full. Other expenses: $ 150 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 19674 | Money. Money? Money! | C | $5,000 @ 8% | Jun 14, 2006 | Expired |
| 21525 | Money? Money. Money! | C | $5,000 @ 8% | Jun 24, 2006 | Expired |
| 23958 | Money? Money. Money! | C | $6,000 @ 8% | Jul 10, 2006 | Expired |
| 136802 | Seed money to start business of computer support/repair | B | $6,000 @ 13% | May 13, 2007 | Withdrawn |
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