Relist-Equipment Purchase-Dog Kennel
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 62% |
| Lender Rate: | 18% | Borrower: | campk9scritters |
| Finished | State: | AZ | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2008-01-28 | EricsCC ROI: | -50% |
| Status History | |
|---|---|
| Jan 26, 2008 | Current |
| Jul 13, 2008 | Late |
| Jul 29, 2008 | 1 month late |
| Aug 30, 2008 | 2 months late |
| Sep 29, 2008 | 3 months late |
| Oct 29, 2008 | 4+ months late |
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Purpose of loan: Add heating system, and finish funding the approved commercial permit My financial situation: Owner/operator of a Dog Boarding Kennel & Pet Sitting business. I have a BS degree in Zoology and my partner is an Accountant .The business has a steady (approx 20%) growth . Kennel has capacity for 50/day & industry avg is 70%, I am currently at 35%. My credit is excellent and this business requires two vehicles (within a 2 yrs) & most of the debt is on these two vehicles. The $700 pmt will be completed within 6 months. This vehicle is still in use and I anticipate no further vehicle purchases ($10,000 of the ccard debt is my mothers for which I am listed as a 2nd cardholder). I own the property on which the kennel operates, with a 4-bedroom house, a 2000 sq ft kennel bldg, & 10 acres. The commercial permit will increase the value of the property over 25% Gross Income/2007 $85,000 Bus Exp , 32,000 Net Income $53,000 Pers Exp: Mortgage $ 2,100 CCards-Personal 300 Hhold 600 Utiltities 150 Fed & St Tax 500 Total/Mo $3650 ($43,800/year) This leaves $9200 for new debt & the $700 car pay has only 6 payments. I am also projecting a 20% increase in gross sales. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 261268 | Asset Equipment Purchase | A | $20,000 @ 19% | Jan 08, 2008 | Withdrawn |
| 266418 | Asset Equipment Purchase | A | $10,000 @ 22% | Jan 16, 2008 | Withdrawn |
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