Buying restaurant appliances for opening second store.
| Listing Information | |||
|---|---|---|---|
| Amount: | $24,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 29% |
| Lender Rate: | 14% | Borrower: | usavmony |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-08 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Feb 08, 2008 | Current |
|
Purpose of loan: This loan will be used to purchase appliances and smallwares for my second restaurant. Remaining balance will go towards paying off construction costs. My financial situation: I am a good candidate for this loan because I have successfully ran one restaurant which has been open now for almost two years. The first restaurant is financially doing very well. With the first restaurant stable, I felt it was the right time to open a second store in a new retail development. My second store is anchored by several large retailers including Best Buys, PetSmart, Barnes and Nobles. There is also a movie theatre under construction in the retail center expected to be completed by the third quarter. My management team for both restaurants are very reliable and have been the support I've needed to allow me to run the first restaurant while maintaining a full time job. I don't expect anything less from the second store. With my current income and the profits coming from the first restaurant and soon the second, I am able to take on any new debts without hardship and build a reputable portfolio with banks and investors. |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|