START UP MONEY FOR NEW BUSINESS
| Listing Information | |||
|---|---|---|---|
| Amount: | $16,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 21% |
| Lender Rate: | 10% | Borrower: | mcubed |
| Finished | State: | CO | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-10-12 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Oct 11, 2007 | Current |
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This loan will be used to start a small business with my wife. We have a combined total of 20 years experience in our field of advertising and graphic design. We have several projects lined up already and anticipate more to come. We are both hardworking, intelligent individuals who have been operating successfully as a sole-proprietor(s) for many years. We now look forward to increasing our scope and establishing a successful design/advertising/marketing firm. We plan to use this loan to cover start up costs and maintain good cash flow. I am currently an art director at a major advertising agency and plan to continue working there until our business is firmly established. When combined with my wife?s current income, we make more than enough to handle the payment of this loan. I value my credit rating and am extraordinary conscientious when it comes to paying off debt. There is no doubt this loan will be repaid in full. Monthly net income: $ 4,000 (wife?s is 3,700) Housing: $1622 Insurance: $94 Car expenses: $150 Utilities: $114 Phone, cable, internet: $60 Food, entertainment: $400 Clothing, household expenses $600 Credit cards and other loans: $200 Other expenses: $ |
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