Expanding Marketing Campaign
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 9% |
| Lender Rate: | 8% | Borrower: | ABL |
| Finished | State: | NY | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-05-31 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| May 31, 2007 | Current |
| Jul 13, 2007 | Payoff in progress |
| Jul 19, 2007 | Paid |
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Purpose of loan: I am the co-founder of a computer repair business in New York City. We started MacFix as the first service dedicated to helping Macintosh computer users get the most out of their machines. Currently we employ four individuals, two of whom are "Wizards" (interface directly with customers), and two of whom are engaged in marketing activities. Apple's sales have increased at a compound annual rate of 28% over the past five years. Furthermore, experience in our target markets -- affluent Manhattan and Brooklyn neighborhoods -- suggests that our niche is expanding at roughly 40% year-over-year. We believe that increasing our advertising budget to include a website and targeted Google Adwords campaign would drive profitable growth in our business. This loan will cover:
My financial situation: Personal Financial Statement:
Monthly net income: Salary: $2,800 Business, $2,000 Total monthly net income: $4,800 Monthly expenses: $ Housing: $1,287.50 Insurance: $0 Transportation (subway): $76 Utilities: $100 Phone, cable, internet: $90 Food, entertainment: $400 Clothing, household expenses $150 Credit cards and other loans: $50 Other expenses: $100 Total monthly expenses: $2,253.50 |
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