Expanding Call Center and Advertsing Campaign for Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 11% |
| Lender Rate: | 12% | Borrower: | compuboss |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Late | Origination Date: | 2007-11-06 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Nov 03, 2007 | Current |
| Sep 21, 2008 | Late |
| Oct 07, 2008 | 1 month late |
| Oct 23, 2008 | Current |
| Nov 21, 2008 | Late |
|
Purpose of loan: This loan will be used to expand our In-house Call Center and also increase our advertising for our computer financing company. We are a small company providing financing for computers. I am the Co-founder of this company with my business partner who has over 10 years experience in Payment Processing and Financial Services. The company is stable and profitable, we are able to obtain a good markup on our products because we service a special niche market that has a strong demand. We currently have an In-house call center with 4 stations and we would like to increase our office space and add more stations. We would like to add 16 more stations giving us a total of 20 call stations. The loan will be used to lease larger office space, purchase cubicles, computers, phone systems, and to grow our advertising campaign. Increasing our call center size will enable us to increase our sales volume, and by doing so we can drive our sales and profitabilty higher which will propel our company to the next level. Thank You. My financial situation: I am employed full time as a Pharmacist and I have built and maintained and excellent credit rating. My student loans have been paid off early. I make all my payments obligations on time if not early, and I do not spend beyond my means so I have a low debt to income ratio. I understand the importance of have a good credit rating. Monthly net income: $ 6,500 Monthly expenses: $ 2,590 Housing: $ 750 Insurance: $ 200 Car expenses: $ 485 Utilities: $ 80 Phone, cable, internet: $ 95 Food, entertainment: $ 600 Clothing, household expenses $ 80 Credit cards and other loans: $ 260 Other expenses: $ 40 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 369197 | Current Borrower: Reduce high Interest Credit Card! | A | $4,700 @ 10% | Jul 17, 2008 | Withdrawn |
| 371263 | Eliminate High Interest Business Credit Card! | A | $4,700 @ 9% | Jul 22, 2008 | Loan created |
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