Family Business Wants to Expand
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 39% |
| Lender Rate: | 21% | Borrower: | sullygolf316 |
| Finished | State: | NC | |
| Funded: | 100% | Group: | AA-C Rated Borrowers |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-10-04 | EricsCC ROI: | -56% |
| Status History | |
|---|---|
| Oct 04, 2007 | Current |
| Mar 19, 2008 | Late |
| Apr 05, 2008 | 1 month late |
| May 06, 2008 | 2 months late |
| Jun 10, 2008 | 3 months late |
| Jul 09, 2008 | 4+ months late |
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Purpose of loan: Donut shop and Deli business expanding to new location; need funds for new construction inside build-up, equipment and furnishings. Location will be located on a busy north-south highway (#17) traveled by tourists and local residents. High school and numerous businesses close by. This business is 2 years old, originating as a local golf course restaurant and moving out to specialize in donuts and baked goods. The Deli will be added at the new location. My financial situation: I have over 13 years self employment history. Mature business manager now in business with my family that has invested everything they have. I have retirement money that would be used to repay if necessary. I live with another son, so my expenses are very low. Monthly net income: $ 1800.00 Monthly expenses: $ 658.00 Housing: $ 0 Insurance: $ 50 Car expenses: $ 108 Insurance Utilities: $ 0 Phone, cable, internet: $ 0 Food, entertainment: $ 150 Clothing, household expenses $ 150 Credit cards and other loans: $ 100 Other expenses: $ 100 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 197613 | Family Business Wants to Expand | C | $25,000 @ 22% | Sep 05, 2007 | Withdrawn |
| 199781 | Family Business Wants to Expand | C | $1,000 @ 10% | Sep 10, 2007 | Withdrawn |
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