Snapon Loan
| Listing Information | |||
|---|---|---|---|
| Amount: | $16,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 57% |
| Lender Rate: | 16% | Borrower: | mikecal65 |
| Finished | State: | MN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-07-09 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jul 06, 2007 | Current |
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Purpose of loan: After training new Snapon Dealers for the last 6 months, I have decided to become my own Snapon franchise. It requires $10000 start up cost and the other $10000 would be used for operating capital. My financial situation: I am a good candidate because I have yet to miss a payment on any loan or revolving account. I have a huge advantage over NEW Snapon dealers due to my extended training within Snapon tools. Monthly net income: $ 5000 Monthly expenses: $ Housing: $ 1300 Insurance: $ 46 Car expenses: $ 800 Utilities: $ 250 Phone, cable, internet: $ 120 Food, entertainment: $ 150 Clothing, household expenses $ 100 Credit cards and other loans: $ 500 Other expenses: $ 150 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 375027 | Rapid Debt Payoff | B | $12,000 @ 12% | Jul 29, 2008 | Withdrawn |
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