Upgrading business property
| Listing Information | |||
|---|---|---|---|
| Amount: | $22,000.00 | Status: | Expired |
| Grade: | AA | DTI: | 36% |
| Lender Rate: | 11% | Borrower: | qqboss |
| Finished | State: | TX | |
| Funded: | 0% | Group: | (No Group) |
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Purpose of loan: This loan will be used to... I am about to sign a lease for another 5 years on my business. The one big request from my customers is they would like a comfortable place to enjoy my cafe AND be able to smoke, which I don't permit inside. I want to install a patio in the space next to my cafe because cafe's with patios generate ~50% more revenue then same style cafes without them. Even if it only generates 20% more business, a 10% increase in business will be enough to repay the loan without impacting any other aspects of the business. My financial situation: I am a good candidate for this loan because? I have already been in business for close to 5 years, beating the 61% three year failure rates on non-franchise restaurants, with people starting to come to me wanting to franchise off of me. I am committed to growing my brand in the DFW area and expanding beyond as the time comes right. Part of the reason for my success is knowing not to over-commit when I am unprepared, so I have always lived within my means, never failing to pay off my credit cards- my only debt is my house and my business. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 254006 | Upgrading business property | AA | $20,000 @ 12% | Dec 20, 2007 | Cancelled |
| 273376 | Upgrading business property | AA | $20,000 @ 11% | Jan 29, 2008 | Loan created |
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