Family guy growing his business
| Listing Information | |||
|---|---|---|---|
| Amount: | $22,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 19% |
| Lender Rate: | 14% | Borrower: | kidzlovepets |
| Finished | State: | MA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-08-01 | EricsCC ROI: | -57% |
| Status History | |
|---|---|
| Jul 31, 2007 | Current |
| Jul 16, 2008 | Late |
| Aug 02, 2008 | 1 month late |
| Sep 04, 2008 | 2 months late |
| Oct 02, 2008 | 3 months late |
| Nov 02, 2008 | 4+ months late |
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Purpose of loan: Glad you are considering funding us... My wife and I have been married for 30 yrs, and are raising our three grandchildren at home (have custody). Opened my own store in 2005, and now have some 20+ emps (FT & PT). Funds being sought to carry more inventory & grow the business... My financial situation: Credit is good, and own a home... planning to pay this back ahead of schedule. (FYI - Credit cards total 34k, and remainder of revolving credit is a 'home equity line' that is used for the business) Monthly net income: $ 8,718 (6,985 for myself, plus 1,733 for my wife part-time) Monthly expenses: $ 6,380 Housing: $ 3240 Auto Insurance: $ 100 Car expenses (2 cars): $ 200 Utilities: $ 240 Phone, cable, internet: $ 200 Food, entertainment: $ 800 Clothing, household expenses $ 200 Credit cards and other loans: $ 1250 (600 CC's, 650 home equity loan) Other expenses: $ 150 |
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