Business Expansion
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 41% |
| Lender Rate: | 13% | Borrower: | RadicalTechnologies |
| Finished | State: | AZ | |
| Funded: | 100% | Group: | KING FINANCIAL GROUP///100% CASH FLOW SOLUTIONS FOR YOU |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-07-23 | EricsCC ROI: | -54% |
| Status History | |
|---|---|
| Jul 20, 2007 | Current |
| Apr 08, 2008 | Late |
| Apr 24, 2008 | 1 month late |
| May 01, 2008 | Current |
| May 09, 2008 | Late |
| May 24, 2008 | Current |
| Jun 10, 2008 | Late |
| Jun 28, 2008 | 1 month late |
| Jul 24, 2008 | 2 months late |
| Aug 24, 2008 | 3 months late |
| Sep 24, 2008 | 4+ months late |
|
Purpose of loan: Expand my medical equipment business to grow my export business. I sell new and refurbished medical equipment in the USA and Mexico. (explain what you will be using this loan for) My financial situation: I have a growing medical equipment company. Company been in business for 10 years. Have the opportunity to expand export business and grow existing business in Arizona. My company is modestly profitable and profits will grow with an influx of cash. (explain why you are a good candidate for paying back this loan) Monthly net income: $10,130 Monthly expenses: $ 5,725 Housing: $ 3347 Insurance: $ 159 Car expenses: $ 435 Utilities: $ 300 Phone, cable, internet: $ 84 Food, entertainment: $ 100 Clothing, household expenses $ 100 Credit cards and other loans: $ 1000 Other expenses: $ 200 |
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