Expanding my business

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Listing Information
Amount: $10,000.00 Status: Loan created
Grade: C DTI: 18%
Lender Rate: 15% Borrower: emma6
Time Left: Finished State: IL
Funded: 100% Group: A1FL
Loan Information
Loan Status: Default Origination Date: 2006-07-26 EricsCC ROI: -62%
Status History
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.
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