Expanding my candy business
| Listing Information | |||
|---|---|---|---|
| Amount: | $24,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 0% |
| Lender Rate: | 19% | Borrower: | moonpies |
| Finished | State: | MI | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-11-19 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Nov 23, 2007 | Current |
|
Purpose of loan: Purpose of this loan is to pay down my high interest credit cards, that were used for online business expansion and purchasing inventory. Reducing my credit balances will also improve my credit score. My financial situation: I have an online candy business that is doing well, sales up 30% this year ,20% the year before. my credit history has been good. This Loan would be very helpful in that regard. I do not forsee any problems repaying this loan, even if business decreased ( which is unlikely) as we are expanding our product line. As a backup I also have other investments that could be used to repay this loan beginning in the first quarter of next year.Thank you for your consideration ! (Monthly net income: $7,500.00 Monthly expenses: $ Housing: $ 1,600 Insurance: $ 145. Car expenses: $500. Utilities: $ 200. Phone, cable, internet: $ 200. Food, entertainment: $ 300 Clothing, household expenses $ 250 Credit cards and other loans: $ 2,400 Other expenses: $ misc.or emergency...200. |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|