Expanding inventory of successful business
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,001.00 | Status: | Expired |
| Grade: | C | DTI: | 61% |
| Lender Rate: | 35% | Borrower: | tucsonblonde |
| Finished | State: | AZ | |
| Funded: | 0% | Group: | (No Group) |
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Purpose of loan: This loan will be used to? Expand inventory for my existing internet business, The Original Skin Store, LLC. We carry top quality skin care products that help different skin conditions including aging, acne, hyperpigmentation etc. We have been online for 8 years, the first 5 on Ebay alone, and now for the last three on my own e-commerce website www.theoriginalskinstore.com. We have shown a significant growth in business each year, and I would like to use this loan to expand my current inventory to include new types of products, to improve packaging and labeling and to hire a designer to help polish up our web store. My financial situation: I am a good candidate for this loan because? As you can see, I have a current personal loan with Prosper, and I have been on time with my payments, every time. My business grosses about $7000.00 a month (we are a small business!), and nets around $4500.00 so payments will not be a problem. It is simply that we are having problems keeping up with the demand for products, we have 5 different formulations that we have not had money to design packaging for, and several ideas for new items that will further increase our profit and sales volume. The deragatory marks on my Credit report are for a $42.00 final Electric bill and a $24.00 final water bill (both from 2001)that a roommate was supposed to pay, but did not. As soon as I was tracked down and contacted, I immediately paid. The third item was an Emergency room co-Pay that I thought I had paid, evidently they had given me something that made me loopy while I was there (still my fault, though I did not know you could get out of the locked exit doors without paying!). I moved shortly thereafter and they could not track me down before it went to collections. Again, as soon as I knew it was not paid, I paid in full right away (this was for $85.00). I do not know where Experian is getting the number $343.00, I paid for my credit report with them and it only shows the $85.00 account, nothing else. The three deliquent accounts are the only collection accounts I have, and had to pull those numbers from my TransUnion report since they were the only one with all three listed. I have sent a letter to Experian regarding this, but you cannot speak to a live person, and there is nothing to dispute online since nothing on my credit report justifies the $343.00 amount. If anyone has info on how to move things along faster with them, I am very interested as trying to contact them has been the most frustrating experience I have ever had! Monthly net income: $ $2000.00 from the University of Arizona and $3000.00 from my store, which is not included in my income calculation of DTI, it would only allow me to put in one job, and I picked the one I had been at longest (U of A). Monthly expenses: $ 3960.00 Housing: $ 955 Insurance: $ 15 Car expenses: $75 Utilities: $ 325 Phone, cable, internet: $140 Food, entertainment: $ 600 Clothing, household expenses $300 Credit cards and other loans: $ 1350.00 Total: (student loan: $607.00, Revolving line $306.00, Prosper $177.00,) CC1: $30.00 min (total owed 1300.00(2000 limit) at 1.1% until September, I pay 125.00 on it so I can pay it off before the intrest goes up), CC2. $15.00 min (I pay $50 on $300.00 total owed/500 limit), CC3: $35.00 min (I pay 100.00 on $1900.00 owed/2650 limit). CC4 $0 owed on 2500 limit and CC5 $0 owed on 525 limit. Other expenses: $ 200.00 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 140852 | High Interest Rate Debt Consolidation | C | $5,000 @ 16% | May 21, 2007 | Loan created |
| 267421 | Expanding inventory of successful business | C | $10,001 @ 35% | Jan 22, 2008 | Withdrawn |
| 312693 | Expanding business to include Amazon.com sales | B | $15,000 @ 35% | May 26, 2008 | Expired |
| 343399 | Expanding business to include Amazon.com sales | B | $10,000 @ 35% | Jun 03, 2008 | Withdrawn |
| 343691 | Expanding business to include Amazon.com sales | B | $10,000 @ 19% | Jun 03, 2008 | Loan created |
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