Expansion Capital for Day Care
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,590.00 | Status: | Expired |
| Grade: | E | DTI: | 37% |
| Lender Rate: | 29% | Borrower: | thecatsclaw |
| Finished | State: | AL | |
| Funded: | 0% | Group: | FinancialAssistanceNetwork |
|
Our mission is to provide quality childcare services for children. We are following the developing Early Learning Guidelines for the State of Alabama. We offer a good healthy nutritional program to assist in the children?s growth with three meals a day with two snacks based on the USDA meal patterns. The State of Alabama Department of Human Resources licenses the Center. We offer more than other Childcare centers. First of all our operating hours are from 6 am to 12 Midnight, Monday to Friday. Families with late shift schedules use our center. Second, we are a true child development center. The schedule we follow incorporates each learning stage from object recognition, reaching, or grasping in Infants to colors, letters, numbers, and word form in Toddlers to reading, writing, and math in pre-school children. We have a trained tutor in the evening to assist the school age children with homework. I am requesting this loan for expansion of the business. We have the opportunity to move the Center into a larger building. The owner of the building is willing to make the changes to the building if we assist with some of the cost. We will lease the building with an option to purchase and any expense we spend the remodeling will apply towards our purchase of the building. Childcare Center?s Monthly Income is $13,000 and the Monthly Expenses are $10,900. We are now on the Child and Adult Care Food Program and receive on average $3,000 per month in Food purchase reimbursement. In respect to my personal credit, I do have one bad mark. I own one piece of rental property that I was forced to evict the tenants. This occurred in March and April of 2006. The tenants were not paying rent, which put me behind in the mortgage. The mortgage company started foreclosure on the property even though I was in contact with them. However, I cleared the late mortgage payments and the loan is now in good standing. I have good tenants that pay on time and are considering purchasing the house from me. Currently, all of my bills are current and on time. I also discovered that one of the credit agencies has the mortgage of the house we live in listed on my credit. The house we live in is my Husband?s name and should not be included in by DTI ratio, I am trying to clear that up. My Income: $6,931 monthly salary from my Full time Technology Manager job, the Child Care Center, the Rental house, and one Bookkeeping client. My Expenses: $4,200 for cars, childcare van, auto insurance, rental property mortgage, and utilities. I intend to pay off the first loan I have with the Prosper community when this loan is funded. Thank you from considering my loan request and helping my business grow to it?s full potential. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 60524 | Working Capital for Child Development Center | HR | $15,000 @ 19% | Nov 12, 2006 | Withdrawn |
| 63204 | Working Capital for Child Development Center | HR | $15,000 @ 27% | Nov 17, 2006 | Expired |
| 71332 | $25k Working capital for Day Care | HR | $25,000 @ 29% | Dec 06, 2006 | Expired |
| 75967 | $10k Working Capital for Day Care | HR | $10,000 @ 29% | Dec 18, 2006 | Expired |
| 78193 | $10k for Childcare working capital | HR | $10,000 @ 29% | Dec 27, 2006 | Expired |
| 84244 | 3k Working Capital for Day Care | HR | $3,000 @ 20% | Jan 12, 2007 | Loan created |
| 224372 | Expansion Capital for Day Care | E | $15,000 @ 29% | Nov 01, 2007 | Withdrawn |
| 227333 | Expansion Capital for Day Care | E | $10,000 @ 29% | Nov 06, 2007 | Withdrawn |
| 237521 | Expansion Capital for Day Care | E | $5,275 @ 29% | Nov 26, 2007 | Expired |
| 260377 | Expansion Capital for Day Care | E | $4,000 @ 35% | Jan 05, 2008 | Expired |
| 321830 | Debt consolidation loan | HR | $10,000 @ 35% | Apr 30, 2008 | Expired |
| 356347 | Debt consolidation loan | HR | $4,000 @ 29% | Jun 24, 2008 | Expired |
| 377434 | Debt consolidation loan | E | $2,500 @ 25% | Aug 04, 2008 | Loan created |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|