Buying inventory for new demand.
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 10% |
| Lender Rate: | 12% | Borrower: | aj9020 |
| Finished | State: | NY | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-07 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Jan 04, 2008 | Current |
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Purpose of loan: This loan will be used to purchase material used to produce sporting equipment product in bulk. At this stage of my business, I need this inventory to sell product faster and feed the demand. Currently, I purchase materials at minimum count. The ability to buy in bulk will save me freight costs, using the savings to purchase more inventory and pay other costs. My financial situation: I am a good candidate for this loan because... I am hard working and passionate about my product, produced with my hands. I've built this business from a hobby using personal capital and family contributions. The demand for my product is growing regionally and worldwide. |
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