Business Working Capital
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 13% |
| Lender Rate: | 12% | Borrower: | darkcloud |
| Finished | State: | IL | |
| Funded: | 100% | Group: | GROUP CLOSED |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-10-22 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Oct 20, 2007 | Current |
|
Purpose of loan: I am looking for working capital which can be used as cash flow to expand my business which will generate employment and revenue opportunities and also increase business profitablity. My financial situation: I do computer programming for living and been doing that for past 10 years. I was working for different employers till Dec?06. In Jan?07 I incorporated IT Company and started working full time at client site who hire contractors for their computer programming services. I been in this industry for a while and maintained very good client relations. So I would like to leverage my industry experience coupled with good professional relationship with the clients, decided to bring couple more technical people on board with my company and provide consulting services to clients. Monthly net income: $10,000 Monthly expenses: $ 3500 Housing: $ 1200 Insurance: $ 75 Car expenses: $225 Utilities: $ 150 Phone, cable, internet: $ 200 Food, entertainment: $ 600 Clothing, household expenses $ 400 Credit cards and other loans: $ 200 Other business expenses: $ 450 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 100210 | Debt Consolidation | D | $25,000 @ 15% | Feb 15, 2007 | Expired |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|