Working Capital Established Business Ebay Power Seller
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 51% |
| Lender Rate: | 15% | Borrower: | miacom |
| Finished | State: | FL | |
| Funded: | 100% | Group: | Bontemps Roulez! |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-16 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Aug 27, 2007 | Current |
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Purpose of loan: Importing a 40' container of home theater chairs. In the past we imported 20' containers on our dime and they sold extremely well on eBay. By bringing in a 40' container, I'll save 40% on the shipping costs compared to 2 -20' containers. My financial situation: Since 2000, Miacom, Inc. is the foremost Ebay seller of Paper Shredders, Mahogany Exterior Doors and Home Theater Chairs. In 2006 we sold over $700,000 in merchandise. In 2007 we will beat this by 15%. We are Platinum Power Sellers and we're amongst the top 05% of sellers in the Business & Industrial Section of Ebay. . We own our own commercial building and 2 condo's. The one in Aventura is rented at $1400.00 per month and my wife and I live in the one at Doral Golf Resort, Florida. I have no late payments nor any derogatory items on my credit reports. Miacom's D&B rating is (1R2). Our credit score is better than 87% of businesses in the D&B database. As a business, we own a 7000 sq. ft. warehouse and lease 1350 sq. ft. for $1805.73 per month. Monthly net income: $ 8800.00 Monthly expenses: $ Housing: $ 2400.00 both condos Insurance: $700.00 auto and home Car expenses: $ 650.00 for the Buick Car gas: $ 240.00 for the Buick Utilities: $ 95 our condo Phone, cable, internet: $ 98 home phone Food:: $ 300 Entertainment:: $ -0 Clothing, household expenses $150 Credit cards and other loans: $1400.00 Other expenses: $ 75.00 Additional Notes: My credit card debt is mainly due to business matters and it does get paid on time every month. In May my wife and I purchased a 2008 Buick Enclave and that is the most we splurged on ourselves in the last 5 years. Having our own home theater, we spend $0 on entertainment. |
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