EXPANDING BUSINESS
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 28% |
| Lender Rate: | 22% | Borrower: | vancollc |
| Finished | State: | AZ | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-07 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Feb 07, 2008 | Current |
|
Purpose of loan: This loan will be used to expand my 2 yr business, Vanco LLC. This business manufactures insulation kits for Chevrolet and Ford cargo vans, for the food industry. Our customers are companies that distribute all kinds of foods and beverages. My financial situation: This is a good loan because we have a product that is in more demand than we are able to meet. This funds will help us increase our production, and thus increase our profitability. Another reason that makes this loan attractive, is that my income does not come from the business, I have a full time job. Also my wife income is not stated in this application, and does help with the expenditures. Monthly net income: $ 5416 Monthly expenses: $ 3695 Housing: $ 1550 Insurance: $ 200 Car expenses: $ 255 Utilities: $ 200 Phone, cable, internet: $ 90 Food, entertainment: $ 600 Clothing, household expenses $ 400 Credit cards and other loans: $ 200 Other expenses: $ 200 |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|