Securing my Children's Financial Future
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 32% |
| Lender Rate: | 14% | Borrower: | PHP111 |
| Finished | State: | OH | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-14 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Dec 14, 2007 | Current |
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Purpose of loan: (explain what you will be using this loan for) You will allow me the tremendous opportunity to secure my children's financial future. With your help, I will be able to purchase an existing company in the medical industry. I will continue to work at my present occupation where my income exceeds $100,000 per year allowing me ample opportunity to repay the loan and use the income from the company to allow growth and marketing for the company alone. After several years of fine tuning the company, I will be able to turn this LLC over to my children. Imagine, if we all had a chance to give the gift of job security, financial freedom, and peace of mind to the children of our future. That's what my wife and I want to do for our children. Thank you for helping us live our dream! My financial situation: (explain why you are a good candidate for paying back this loan) The net profits from the business exceeds $30,000 per year. Combine that with my personal income, and the opportunity for growth of the business and money will not be an issue. Monthly net income: $ 7583 Monthly expenses: $ Housing: $ 1500 Insurance: $ 110 Car expenses: $ 1400 Utilities: $ 300 Phone, cable, internet: $ 220 Food, entertainment: $ 1000 Clothing, household expenses $ 250 Credit cards and other loans: $ 1100 Other expenses: $ 250 |
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