Expanding Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 32% |
| Lender Rate: | 20% | Borrower: | Turtle13 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 2 months late | Origination Date: | 2007-11-21 | EricsCC ROI: | -49% |
| Status History | |
|---|---|
| Nov 23, 2007 | Current |
| Aug 06, 2008 | Late |
| Aug 22, 2008 | 1 month late |
| Sep 06, 2008 | Current |
| Oct 07, 2008 | Late |
| Oct 22, 2008 | 1 month late |
| Nov 22, 2008 | 2 months late |
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Thank You to all who keep bidding. Purpose of loan: 1) Purchase more displays for new locations in town. 2) Expand business throughout town and into neighboring towns. 3) Have enough working capital for space rents & business expenses until new locations start to yield a positive cash flow. 4) Consolidate business credit cards. My financial situation: Have never, ever been late or delinquent on paying a loan back, personal or business. My business is already established. I just need quick working capital to expand the business so I can double my revenue, decrease DTI, increase credit score back up to <750. Monthly net income: $ 4,500 Monthly expenses: $ 2,900 Housing: $ 500 Insurance: $ 45 Car expenses: $ 474 Utilities: $ 300 Phone, cable, internet: $ 175 Food, entertainment: $ 100 Clothing, household expenses $ 0 Credit cards and other loans: $ 350 Other expenses: $ 1000 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 201400 | Expanding Business | C | $25,000 @ 22% | Sep 13, 2007 | Expired |
| 205823 | Expanding Business | C | $25,000 @ 22% | Sep 23, 2007 | Expired |
| 210999 | Expanding Business | C | $25,000 @ 20% | Oct 04, 2007 | Withdrawn |
| 214228 | 4th re-list for Expanding Business | C | $25,000 @ 22% | Oct 11, 2007 | Withdrawn |
| 216498 | Expanding Business | C | $25,000 @ 25% | Oct 15, 2007 | Expired |
| 221569 | Expanding Business | C | $25,000 @ 25% | Oct 25, 2007 | Expired |
| 227587 | Expanding Business | C | $22,000 @ 25% | Nov 06, 2007 | Expired |
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