Starting Another Successful Cleaning Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 26% |
| Lender Rate: | 15% | Borrower: | patriotusa |
| Finished | State: | IA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-23 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jan 23, 2008 | Current |
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Purpose of loan: This loan will be used to? start an office cleaning business. My financial situation: I am a good candidate for this loan because?I have a successful track record in the cleaning business. I owned and operated a successful carpet cleaning and office cleaning business for four years until selling it for a significant profit. I know this business, and what it takes to be successful. I have just secured a cleaning contract for two new bank buildings in my city. These contracts will gross $1400 per month. I will be doing all of the work initially, so my expenses are very low. I have recently returned to the teaching profession, which I worked in before starting my carpet cleaning and office cleaning business. I need to earn additional income in order to reach our family financial goals. Due to my previous success in this industry I felt it was the safest way to create extra income for my family. I love to clean and serve other people. If you do a good job you can keep a cleaning contract for years. It is like creating an annuity out of thin air. My wife is a stay-home mom. She has her own successful small business, but still need additional income to reach our goals. I have the opportunity to bid on a $9,000 per month account, and I have won a bid fro $8500 per month that is waiting to be approved by the bank president. This business is going to explode, and I need this loan to pay for my up-front equipment, insurance, and payroll expenses. Monthly net income: $2100 (Teaching) $1400(Cleaning Contracts) Total net income = $3500 Monthly expenses: $ Housing: $ $960 Insurance: $ 105 Car expenses: $ 230 Utilities: $ 300 Phone, cable, internet: $ 105 Food, entertainment: $ 450 Clothing, household expenses $ 100 Credit cards and other loans: $ 575 Other expenses: $ 200 |
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