Equipment for New Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 26% |
| Lender Rate: | 22% | Borrower: | Starpath98 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-05 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Feb 05, 2008 | Current |
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Purpose of loan: This loan will be used to secure equipment for Krav Maga gym we are opening in New Orleans My financial situation: I am a good candidate for this loan because 1) I can repay the loan; 2) the only reason I am borrowing is because of the dowturn in the real estate marketing makes refinancing almost impossible for now and we want to open by April 3) The revolving credit listed on our credit history is really a fixed second on our home. WA MU can't get the reporting correct. My total consumer debt is only about $3,000 with a loan from HFC Monthly net income: $ 20,000 (Self employed so this varies. I have taken an average) Monthly expenses: $ Housing: $ 9000 Insurance: $ 2600 Car expenses: $ 400 Utilities: $ 800 Phone, cable, internet: $ 600 Food, entertainment: $ 1500 (food, we don't go out) Clothing, household expenses $ minimal Credit cards and other loans: $ 600 (Student Loans for children) Other expenses: $ 2000 College |
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