Expanding Consulting Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $23,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 21% |
| Lender Rate: | 15% | Borrower: | tlopro32 |
| Finished | State: | CO | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-09-05 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Sep 05, 2007 | Current |
| Dec 15, 2007 | Payoff in progress |
| Dec 21, 2007 | Paid |
|
Purpose of loan: Hello, I am in a good situation... My business is ready to grow. I have been granted a contract with the a California state agency and will be placing aditional consultants to work. It takes a few months before I recieve payment from the contract, so the purpose of the loan is to advance my resources until I recieve payment from the contract for their work. My financial situation: I have been in IT consulting for over 10 years and have succesfully managed my own consulting business for the last 2.5 years. I also have a steady contract with the State of California and recieve a steady and healthy income from this contract. I am in a greate situation to leverage money to make money - this is where you come in! With regards to credit.. I have recently aquired 11 investment properties, all but one of these properties have steady cash flow. I have a perfect payment history.. Never late, never missed. Monthly net income: $13,500 Monthly expenses: $ Housing: $1,780.00 Insurance: $ Home $45.00, Auto $40.00, Business $25.00 Car expenses: $ 389.00 Utilities: $ 225.00 Phone, cable, internet: $ 185.00 Food, entertainment: $ 400.00 Clothing, household expenses $ 225.00 Credit cards and other loans: $ 2,000.00 Travel Expenses: $ 1,200.00 Taxes: $ 2,000.00 Total Expenses: $ 8,514.00 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 187607 | Expanding Business | B | $25,000 @ 18% | Aug 15, 2007 | Expired |
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