Expanding Current Web Development Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Expired |
| Grade: | C | DTI: | 9% |
| Lender Rate: | 22% | Borrower: | kraffon |
| Finished | State: | MD | |
| Funded: | 0% | Group: | (No Group) |
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Purpose of loan: This loan will be used to grow Global Smartsourcing (www.globalsmartsourcing.com) which I started about a year ago. Global Smartsourcing was born out of my passion to help others get jobs and now I am in that position to grow and help even more people get jobs. Global Smartsourcing is 1 year young and was started out of nothing and has been making leaps and bounds over the last 5 months. We have developed a substantial client base in a very short period of time because of our dedication and quality of work. With this funding I can hire more people to grow quicker and by that help others get jobs as well. I work my full-time job as a Network Administrator and run this business on the side. I am hoping to go full-time with Global Smartsourcing in the coming year. My financial situation: I have just purchased a home for my family and make pretty good money with my current employment, but not really enough to put into the business to grow as we want to see it grow and at the rate we are capable of growing. Global Smartsourcing is already bringing in positive cashflow even in it's first year and we have been using it to upgrade computer equipments to cope with the demand of the work we do. I don't foresee any problems making payment on this loan as we are going in the right direction. Monthly net income: $ 6000 Monthly expenses: $ Housing: $ 1500 Insurance: $ 90 Car expenses: $ Utilities: $ 150 Phone, cable, internet: $ 99 Food, entertainment: $ 400 Clothing, household expenses $ Credit cards and other loans: $ 350 Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 239047 | Help Me to Help Others, Fund a Dream Now! | C | $10,000 @ 22% | Nov 28, 2007 | Withdrawn |
| 250204 | Help Expand Web Development Business | C | $10,000 @ 22% | Dec 13, 2007 | Expired |
| 255006 | (RELIST) Help Expand Web Development Business | C | $10,000 @ 22% | Dec 23, 2007 | Withdrawn |
| 255554 | (RELIST) Help Expand Web Development Business | C | $10,000 @ 22% | Dec 26, 2007 | Expired |
| 261978 | (RELIST) Help Expand Web Development Business | A | $10,000 @ 17% | Jan 08, 2008 | Cancelled |
| 275646 | (RELIST) Help Expand Web Development Business | A | $10,000 @ 15% | Feb 04, 2008 | Loan created |
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