10 years experience and starting my own business
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 29% |
| Lender Rate: | 15% | Borrower: | fr8broker |
| Finished | State: | NC | |
| Funded: | 100% | Group: | AAAA Fund America |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-24 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Aug 28, 2007 | Current |
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Purpose of loan: Thank you for visiting my listing. I am borrowing money to finalize the start-up of my own business. I have over 10 years experience in the Freight Brokerage industry with everything from sales to dispatch to accounting. To become a broker you need to have a $10,000 trust fund agreement which is refundable, most of the money will go towards paying that and $5,000 to pay down some personal debt. I have worked for two different brokers and each time have built a multi million dollar book of business. Some of these clients will be coming with me enabling a positive cash flow from the start. I have signed an office lease and my vendors are lined up. (explain what you will be using this loan for) My financial situation: I have six months of living expenses saved as well as capital I am contributing to the business. I am a father of three children, 4, 2, and 7 months. My wife and I have been married almost 6 years. I have good credit and have never missed a bill payment. (explain why you are a good candidate for paying back this loan) Monthly net income: $ 5,500 (my wife makes $1,500/mo) Monthly expenses: Housing: $ 1,300 Insurance: $ 100 Car expenses: $ 739.39 Utilities: $150 Phone, cable, internet: $ 150 Food, entertainment: $ 450 Clothing, household expenses $ 150 Credit cards and other loans: $ 400 Other expenses: $ 0 Total Monthly Exprenses: $3,439.39 |
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