Raising capital for the final phase of new business concept
| Listing Information | |||
|---|---|---|---|
| Amount: | $24,000.00 | Status: | Expired |
| Grade: | A | DTI: | 0% |
| Lender Rate: | 23% | Borrower: | ethos-coffeeCAR |
| Finished | State: | OR | |
| Funded: | 0% | Group: | (No Group) |
|
Thanks for checking out ethos coffee company! The purpose of the loan is help finance the final phase of my start-up company, ethos coffee co.. Specifically, the funds will make it possible for ethos coffee to establish a commissary site for storing and maintaining the coffee cars. This facility will also be used for coffee roasting, office space, and inventory storage. Additionally, the funding will enable ethos coffee to set up our roaster and afterburner which is an essential part of our operation. They said "it won't work", "It can't be done", "It will never happen", well those comments are the beginning of every GREAT success story, and where ours begins. With Starbucks announcing plans to open 7 new locations each day for the next 4 years in the US; the growth potential is enormous in the coffee industry and now is the perfect time to introduce a new niche. Coffee is the second largest traded commodity in the world with 60 billion in sales each year. What began as a marketing initiative has virtually "evolved" into a breakthrough business opportunity. We are the 1st of this kind - This new market niche is in its infancy and is poised for major growth potential over the next ten years. This loan opportunity will allow us to make this dream a reality and prove to so many people that it's not a bad thing to follow your heart and to take a risk ~ isn't that what life is all about? ethos coffee co. has a solid business model, a sensational dark-roasted coffee, an experienced management team, our exclusive brand, and an "innovative concept". People love a good idea! ethos coffee co. has a serious passion for coffee and is driven to do something new and exciting that will fundamentally redefine the mobile coffee industry. The coffee cars are fully self-contained and functional for both indoor and outdoor use. It's never been done like this before! Please take time to check out our state of the art coffee car concept at www.ethoscoffeecar.com Thank You so much for your time and consideration! My financial situation: I am fully vested in this business and am confident in my ability to meet all financial obligations. I have a stellar credit history and take pride in maintaining financial integrity. ethos coffee co. has a detailed business plan that projects positive cash flow and strong operating margins through the first three years. This indicates strong financial opportunity, a competitive edge and an invaluable service strategy in an industry that is virtually untapped and provides rich probability for success. Monthly net income: Using the ERISA Act, I have been able to utilize my 401K to fund this business start up. To initiate this process, ERISA required that I leave my full time employer of 22 years to be fully vested in this business venture. The business has no outstanding debt which makes the repayment of this loan both affordable and sensible. Once the business is open in January I will earn an income conducive to the business that allows me to cover my monthly expenses. Monthly expenses: Housing: $ 2700 Insurance: $ 0 Car expenses: 0 Utilities: $ 0 Phone, cable, internet: $ 100 Food, entertainment: $ 200 Clothing, household expenses $ 100 Credit cards and other loans: $ 1500 Other expenses: $ 0 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 265774 | Raising capital for the final phase of new business concept | B | $11,000 @ 19% | Jan 15, 2008 | Loan created |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|