Funds for Expanding Doctor's Office -- Cashfunders Endorsed
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 52% |
| Lender Rate: | 28% | Borrower: | SanDiegoDr |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Cashfunders by Cash Flow Financial |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-30 | EricsCC ROI: | 24% |
| Status History | |
|---|---|
| Jan 31, 2008 | Current |
| Sep 14, 2008 | Late |
| Oct 01, 2008 | 1 month late |
| Oct 04, 2008 | Current |
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Purpose of loan: This loan will be used to pay off my revolving and credit card debts that are both personal and business oriented. I will also be using the money to expand my company by enabling me to hire another employee. My financial situation: I am a good candidate for this loan because I have a steady, in demand, job as a psychologist. I started my business 3 years ago and it continues to grow. I have gone from just myself to two offices and 5 employees. I want to pay off my loans so that I can refinance my house that I own. My credit score per the bureaus is much better than what shows here, but not quite over 700, which is where I want it. My mortgage broker said that if I can pay off the debts on my report that it will get over that hump. While I am proud to be self-sufficient as possible, my husband pays for all the home necessities, so I am only responsible for my personal debts. I earn more than I am stating here since I am self-employed, but my paystubs only show what is stated below. In addition, I will be using 2/3 of the money to hire an employee and expand my business. It takes about 6 months to get a new person going and profitable to the company. This money will cover the stipend during that period as well as desk costs. Debts to be paid off: Credit Cards: 800.00 2 Revolving Lines: 7000.00 Monthly income: $6250.00 Monthly expenses: $ Housing: $ Insurance: $100.00 Car expenses: $1000.00 Utilities: $ Phone, cable, internet: $50 Food, entertainment: $500.00 Clothing, household expenses $450.00 Credit cards and other loans: $560.00 Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 262862 | Paying off credit cards and business loan | D | $20,000 @ 25% | Jan 10, 2008 | Withdrawn |
| 263741 | Paying off credit cards and business loan | D | $15,000 @ 35% | Jan 11, 2008 | Expired |
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