Business Expansion
| Listing Information | |||
|---|---|---|---|
| Amount: | $12,500.00 | Status: | Loan created |
| Grade: | C | DTI: | 52% |
| Lender Rate: | 20% | Borrower: | THRIFTYLEADER |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-10-10 | EricsCC ROI: | -43% |
| Status History | |
|---|---|
| Oct 09, 2007 | Current |
| Mar 01, 2008 | Late |
| Mar 11, 2008 | 1 month late |
| Apr 11, 2008 | 2 months late |
| May 11, 2008 | 3 months late |
| Jun 11, 2008 | 4+ months late |
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Purpose of loan: In preparation for the upcoming holidays we are expanding our karaoke business into the sales of equipment, karaoke rentals, and karaoke disc jockey services. Loan will be used to purchase the initial stock of product including: karaoke machines, power amplifiers, and speakers to be rented, sold, and used for the dj services. My financial situation: I have 1 credit card with an approx. balance of $6000.. never late. I have a Discover card with a $6000 balance and $5000 available. We have never been late on any payments for the mortgage. We started our company, Pacific Imports, Inc in September of 1999. We have experienced exceptional growth in all areas of the companies and now average sales above $2.5m annually. For a better idea of our operations i have listed our website companies here. http://www.pacificimports.com http://www.magicmic-direct.com http://www.rattanplanet.com http://www.chineseantiqueimports.com http://www.asianfurniture-direct.com Monthly net income: $5093.00 Monthly expenses: $3640.00 Housing: $2500.00 Insurance: $150.00 Car expenses: $0 (paid by corp) Utilities: $170.00 Phone, cable, internet: $80.00 Food, entertainment: $200.00 Clothing, household expenses $140.00 Credit cards and other loans: $400.00 Other expenses: $ |
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