Forming a Limited liability Company for established work
| Listing Information |
| Amount: | $4,700.00 |
Status: | Loan created |
| Grade: | D |
DTI: | 25% |
| Lender Rate: | 20% |
Borrower: |
Kiyale3
|
| Time Left: | Finished |
State: | CA |
| Funded: | 100% |
Group: |
(No Group) |
| Loan Information |
| Loan Status:
| Current |
Origination Date:
| 2007-08-16 |
EricsCC ROI:
| 16% |
| Status History |
| Aug 27, 2007 |
Current |
|
Purpose of loan: I will be using this loan to form a limited liability company. I have seven actual working years experience in the automotive field, and have been working on cars since I was the tender age of thirteen in my father?s business. I plan to supplement my income while I attend college by repairing vehicles in the comfort of my garage. My major is finance. There is no employer who is as understanding of your need to study for a final than yourself. I am ASE certified and an excellent technician. I have a considerable amount of tools and only need a few more. However my main concern is in providing insurance for any unforeseen event and limiting my liability if something were to happen. Life has taught me to plan for the best and prepare for the worst. I will also need this company to pay taxes on income earned. My financial situation: I am a good candidate for paying back this loan because of my personal beliefs. I got into financial trouble years ago when I was young because of a lack of education about money. Although this is a high interest loan my return rate on this investment will be greater. Monthly net income: $ My monthly net income is currently $2800 Monthly expenses: $ Housing: $ 467 Insurance: $ 120 Car expenses: $ 100 Utilities: $ 195 Phone, cable, internet: $ 87 Food, entertainment: $ 500 Clothing, household expenses $ 100 Credit cards and other loans: $ 153 Other expenses: $
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| Borrower's Other Listings |
| 291052 |
Opening an Automotive Repair Center |
D |
$7,000 @ 16% |
Mar 10, 2008 |
Cancelled |
| 292673 |
Opening an Automotive Repair Center |
D |
$7,000 @ 18% |
Mar 13, 2008 |
Expired |
| 301551 |
Opening an Automotive Repair Center |
D |
$7,000 @ 16% |
Mar 29, 2008 |
Cancelled |
|
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