Eric's Credit Community

Purpose of loan:
We are an established business with 6 years in the market. We started a retail product in Oct '06, and have already reached 50K in gross revenue on July '07. We need about $5,000.00 to upgrade our pbx, and provide better customer service to our new retail customers.  Our goal is to reach 100K in revenue by February '08, and excellent customer service is a crucial requirement to reach this goal.

My financial situation:
I've been in business for six years with the same corporation for a reason: I always honor my commitments. Our company has already obtained and paid off two loans from private investors, and I personally have room in my monthly budget to guarantee the timely payment of this one. In addition, the company has a car, an SUV, and some specialized equipment that we own outright, and that I can potentially liquidate should it be necessary for the payment of this loan.

Monthly net income: $6,100.00

Monthly expenses: $
  House 1: $1,300.00 (Primary residence)
  House 2: $ 400.00 (Investment property, rented for $800 a month)
  Condo Association: $ 400.00
  Insurance: 0 $ (its a condo)
  Car expenses: 500.00 $
  Utilities: 200.00$
  Phone, cable, internet: 200.00$
  Food, entertainment: 1500.00$
  Clothing, household expenses 500.00$
  Credit cards and other loans: 200.00$
  Other expenses: 100.00$

  Free cash to pay this loan:  $800.00.

Corporations' revenue for 2006: $624,000.00 (profitable for the last three years in a row)