Working Capital For Growing Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 37% |
| Lender Rate: | 20% | Borrower: | laserpoint |
| Finished | State: | MD | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-31 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Aug 31, 2007 | Current |
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Purpose of loan: The proceeds from the loan will be used to assist with increased monthly cash flow needs of a 4+ year old established Information Technology consulting firm. We have an established customer base with long-term contracts. My financial situation: I have established a solid credit record over the past 20+ years along with a long history of always paying bills on time. I've used personal assets to fund my business over the past 4+ years. I have been in the IT Consulting business for more than 20 years and successfully managed my own consulting business for the last 4+ years. I'm in an excellent situation continue expanding my business because of our high customer satisfaction ratings and highly skilled team of customer focused consultants. My solid credit record and 20+ years experience in the IT consulting field provides you with a very solid loan candidate. Monthly net income: $ 13,500 Monthly expenses: $ Housing: $ 4,400 Insurance: $ 900 Car expenses: $ 2000 Utilities: $ 300 Phone, cable, internet: $ 200 Food, entertainment: $ 600 Clothing, household expenses $ 200 Credit cards and other loans: $ 2000 Other expenses: $ |
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