Expanding my business
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|Loan Status:||Default||Origination Date:||2006-07-26||EricsCC ROI:||-62%|
|Aug 02, 2006||Current|
|Jan 12, 2007||Late|
|Jan 20, 2007||Current|
|Feb 15, 2007||Late|
|Feb 28, 2007||1 month late|
|Mar 27, 2007||2 months late|
|Apr 27, 2007||3+ months late|
|May 03, 2007||2 months late|
|May 27, 2007||3+ months late|
|Jun 09, 2007||3 months late|
|Jun 28, 2007||4+ months late|
|Aug 28, 2007||Default|
I am a handbag designer who recently introduced a line of leather baby bags that are functional, yet look like cool handbags. The response and demand have been tremendous with stores such as Barney's New York, Bloomingdale's and boutiques across the country and in Europe ordering the bags. We were also fortunate to be accepted into one of the best showrooms in New York whose past sales history with other lines is the best in the business.
I am in negotiations with new investors to help fund what is certain to be large and rapid growth due to demand and the help of this experienced showroom. This loan would help in the short term to fund our first NYC trade show to take place soon - our first one with the new showroom. The average designer in this showroom writes $150,000 + in sales at one show, with many writing well above that. We currently have orders coming in but won't be produced and paid for another month.
My credit score is unfortunately a C due to a past bankruptcy which is due to fall off of my report within the next few months. Other than that blemish, my credit is spotless and I have never paid a bill late within the past seven years.
I am a hard-working business person with a tremendous opportunity in front of me. I need this loan to help take me to the next level.
Thank you for your consideration.