Expanding Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 30% |
| Lender Rate: | 15% | Borrower: | actmoto07 |
| Finished | State: | MI | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-10-31 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Oct 31, 2007 | Current |
|
Purpose of loan: I'm branching off from a excisting bussines that has a store front and I will be taking it online. I have the resourses to buy on consignment which eliminates any major up front cost and no overhead. But I will need to have a minimal stock to get started with this ecommerce sight. With the authorization of some major companies I can offer my customers real factory warranties and a return policy that will be legitimate. This will also give me a starting budget when I travel to surrounding dealerships to demo my dealer programs and to show new car excessories. They can set themselfs online to make purchases without me making bi-weekly calls to them. I will have the opportunity within six months to a year to sell world wide and to branch out my business. Thank you for this opportunity. . My financial situation: I've positioned myself in such a manner that I would be able to pursue my business goals by paing off a car earlier and I moved into a house that my inlaws own. The trade off for rent is upgrades on the house and maintainace when needed making this a great trade off. As I stated my purpose for this loan is to branch off , giving me leverage to make the money back in a timely mannor, no lights to turn on, no warehouse to fill and no one to pay to work for me. In closing this is a fantastic opportunity to help me accomplish other business ventures I plan to pursue. Monthly net income: $ 2500 Monthly expenses: $ Housing: $ 0.0 Insurance: $ 1500 yr Car expenses: $ 400 m Utilities: $ 150 m Phone, cable, internet: $ 125 m Food, entertainment: $ 200 m Clothing, household expenses $ 300 yr Credit cards and other loans: $ 4000 Other expenses: $ |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|