Invest In A Cake Bakery
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,900.00 | Status: | Loan created |
| Grade: | C | DTI: | 39% |
| Lender Rate: | 26% | Borrower: | shirleyscakebakery |
| Finished | State: | GA | |
| Funded: | 100% | Group: | BuildingTree |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 1 month late | Origination Date: | 2007-12-11 | EricsCC ROI: | -27% |
| Status History | |
|---|---|
| Dec 08, 2007 | Current |
| Aug 26, 2008 | Late |
| Sep 13, 2008 | 1 month late |
| Oct 12, 2008 | 2 months late |
| Nov 12, 2008 | 3 months late |
| Nov 21, 2008 | 2 months late |
| Dec 06, 2008 | 1 month late |
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Purpose of loan: This loan will be used for starting my very own cake bakery. I have been in the business now for over 10 years. I have been the head cake decorator at Walmart for the past 3 years. I'm very passionate about decorating cakes. My son has pushed and pushed me to start my own business. Now I am planning to open up my cake bakery right next door to his store. I specialize in wedding and birthday cakes. I want people to be able to come to my bakery and leave with a feeling of appreciation. There are no independent bakery shop in my city, only supermarkets. Thanks for taking time out of your busy day to consider my loan request. God Bless, My financial situation: I feel that I am a good candidate because I have the financial support of my son and husband. Also because I am capable of paying back the loan with my salary alone. Monthly net income: $ 1300 Monthly total expenses: $ 905 Housing: $ 350 Insurance: $ 0 Car expenses: $ 385 Utilities: $ 0 Phone, cable, internet: $ 40 Food, entertainment: $ 30 Clothing, household expenses $ 0 Credit cards and other loans: $ 100 Other expenses: $ 0 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 234936 | Invest In A Cake Bakery | C | $4,900 @ 19% | Nov 20, 2007 | Withdrawn |
| 235884 | Invest In A Cake Bakery | C | $4,900 @ 19% | Nov 22, 2007 | Withdrawn |
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