EXPAND AND ENHANCE MY BUSINESS
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 17% |
| Lender Rate: | 11% | Borrower: | ninthid |
| Finished | State: | FL | |
| Funded: | 100% | Group: | FUTURE FINANCIAL FREEDOM 1 |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 3 months late | Origination Date: | 2007-06-26 | EricsCC ROI: | -43% |
| Status History | |
|---|---|
| Jun 28, 2007 | Current |
| Aug 12, 2008 | Late |
| Aug 28, 2008 | 1 month late |
| Aug 30, 2008 | Current |
| Sep 11, 2008 | Late |
| Sep 27, 2008 | 1 month late |
| Oct 27, 2008 | 2 months late |
| Nov 27, 2008 | 3 months late |
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Purpose of loan: Hello. The purpose of this loan request is to expand the capability of my present business which engages in small ticket loans.The funds requested will be utilzed for advertising, a new computer and to pay for a short term employee who will assist me in this endeavor. The business I will be developing is a Broker based equipment lease/asset based lending business which will aid other businesses which are searching for equipment needs in their business. Since I am a trained lender this business will easily fit into what I presently do. I believe that the advertising, to include direct mail inserts, along with the addition of of an employee will move this new enhanced part of my business along quickly and profitably. My financial situation: My credit is and has always been excellant. My business has always been profitable. The monthly payment will easily fit into my present income availability. My business is profitable along with a monthly check I receive form the Veterans Administration. My wife, who has a great job, pays most of the household expenses. Monthly net income: $ 7,064 Monthly expenses: $ Housing: $ 2,200 Insurance: $ 110 Car expenses: $ 400 Utilities: $ 150 Phone, cable, internet: $ 100 Food, entertainment: $ 300 Clothing, household expenses $100 Credit cards and other loans: $ 500 Other expenses: $ 200 |
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