Growing a business
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,500.00 | Status: | Loan created |
| Grade: | A | DTI: | 21% |
| Lender Rate: | 15% | Borrower: | shradosaur |
| Finished | State: | CA | |
| Funded: | 100% | Group: | BuildingTree |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-09 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Jan 09, 2008 | Current |
|
Purpose of loan: I will use the money to grow my investment business and consolidate some consumer credit. I currently manage a fund with $92,000 of money from friends and family. My track record is strong (+17% in 2007) and the business is already profitable. But to grow the business, I need to get registered with the National Futures Assn. and that involves application and legal fees totalling well over $10,000 My financial situation: I am a home owner and work full time as an engineer while I also run this profitable business. My credit is clean and I am a good payer. Monthly net income: $5300 Monthly expenses: $ Housing: $ 1550 Insurance: $ 300 Car expenses: $900 (but $600/mo loan will be paid off in the next 6 mo) Utilities: $ 300 Phone, cable, internet: $ 200 Food, entertainment: $ 900 (I can cut back on this as needed to pay the loan) Clothing, household expenses $ 300 Credit cards and other loans: $ 300 on Credit Cards and $1100 on HELOC (but this is paid by the business since that's the main reason we took out the loan) Other expenses: $ 200 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 235603 | Growing a business | A | $9,500 @ 12% | Nov 21, 2007 | Withdrawn |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|