working capital for Auto / logistics transport company
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 17% |
| Lender Rate: | 22% | Borrower: | Hisgracelogistics |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-08-01 | EricsCC ROI: | -54% |
| Status History | |
|---|---|
| Aug 01, 2007 | Current |
| Jul 17, 2008 | Late |
| Jul 29, 2008 | Current |
| Aug 16, 2008 | Late |
| Sep 04, 2008 | 1 month late |
| Oct 02, 2008 | 2 months late |
| Nov 02, 2008 | 3 months late |
| Dec 02, 2008 | 4+ months late |
|
Purpose of loan: I own a transportation / logistics company based in Georgia. We are seeing growth as we cant handle the calls from dealerships and auction where we pick up cars for clients. The greatest problem is payment as most client pay for services between 30 - 60 days. I need to pay my drivers and service our truck. This funds will help pay and keep the company running before checks starts comming from dealers/brokers. The deliquency on my report was when mortgage was late and the customer services got nasty on the phone. This was paid the following week when i gt paid from company. I still work at my job where i earn $65,000 a year in addition to the logistics business. I will definitely pay this loan on time. I dont have any credit card for now. My financial situation: I have have my financial situation in order but I need this loan to keep this business running before checks starts comming due to increased sales from clients. I will definitely pay this up before the time frame. Monthly net income: $ 5300.00 Monthly expenses: $ Housing: $ 1535 and this shared with my wife as she wants the business to succeed Insurance: $ 160 my wife handles this Car expenses: $ Utilities: $ 150 Phone, cable, internet: $ 50 Food, entertainment: $ 300 my wife handles this Clothing, household expenses $ 50 Credit cards and other loans: $ 250 Other expenses: $ 300 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 171785 | working capital for Auto / logistics transport company | C | $20,000 @ 25% | Jul 18, 2007 | Withdrawn |
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