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Help Expand Web Development Business
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Listing Information
Amount: $10,000.00 Status: Expired
Grade: C DTI: 9%
Lender Rate: 22% Borrower: kraffon
Time Left: Finished State: MD
Funded: 0% Group: (No Group)
Purpose of loan:

This loan will be used to grow Global Smartsourcing (www.globalsmartsourcing.com) which I started 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 Inc. 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 your help I can hire more people to handle more incoming projects 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 had delinquent accounts in the past due to my fathers illness. I am not proud of that, at that time I was so swamped with my father?s medical bills that I had nothing left over from my salary. I had to sell my home to help my father, but even that didn?t help as he had passed away.
I am doing better now and have been working feverishly on gettng my life back together. I just purchased a home for my family (1 and 2 year old boy and girl) and make pretty decent money with my current employment, 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 Inc. is already bringing in positive cash flow even in its first year and we have been using it to upgrade computer equipments and to renovate our small office to cope with the demand of the work we do.
Please give me a chance to prove my credit worthiness and I guarantee you this is the best investment you will make.

Monthly net income: $ 6000


Monthly expenses: $ 3885
  Housing: $ 2500
  Insurance: $ 186
  Car expenses: $ n/a
  Utilities: $ 250
  Phone, cable, internet: $99
  Food, entertainment: $ 400
  Clothing, household expenses $ 100
  Credit cards and other loans: $ 350
  Other expenses: $ n/a
Borrower's Other Listings
239047 Help Me to Help Others, Fund a Dream Now! C $10,000 @ 22% Nov 28, 2007 Withdrawn
240667 Expanding Current Web Development Business C $10,000 @ 22% Nov 29, 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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