Paying for Holiday Inventory
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 19% |
| Lender Rate: | 20% | Borrower: | hardmoney33 |
| Finished | State: | WA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-11-06 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Nov 03, 2007 | Current |
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Purpose of loan: This loan is to float my holiday season inventory. Retail cash flow is tight in October as most manufacturers require that inventory be paid up-front. My typical December revenues exceed $300,000, with annual sales in excess of $1.5M. My financial situation: This is a no-risk loan that will be paid off soon. That is why I am willing to pay a higher interest rate. As you can see, my credit is great and my income is very stable. Thanks in advance for your help. Monthly net income: $15000 Monthly expenses: $ Housing: $3000 Insurance: $500 Car expenses: $700 Utilities: $200 Phone, cable, internet: $150 Food, entertainment: $1000 Clothing, household expenses $500 Credit cards and other loans: $200 Other expenses: $ |
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