Expanding Existing Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $20,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 16% |
| Lender Rate: | 12% | Borrower: | Tim321 |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-17 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Jan 17, 2008 | Current |
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Purpose of loan: This loan will be used to expand my existing business. After successfully managing a company for someone else for 14 years, I have gone out on my own to live the American dream. With the support from many suppliers and customers, the company has done very well in a short period of time. Because of the growth my company has had, I now need to purchase more inventory to sustain this growth. My financial situation: I am a good candidate for this loan because my company's gross margin is over 45%. This along with low overhead will allow me to have the cash flow to repay this loan. In addition to the success of my business, I always pay my bills and I pay them on time. This is reflected in my excellent credit score. Please help me continue to build a business that my kids can be proud to take over when they get older. |
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