Buying inventory for my ebay business
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,600.00 | Status: | Loan created |
| Grade: | D | DTI: | 19% |
| Lender Rate: | 18% | Borrower: | dublniklz |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-26 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Feb 23, 2008 | Current |
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Purpose of loan: I'm applying for this loan so that I will have the ability to purchase products for my ebay business in larger quantities, and add a few more products. My current profit margin is about 60%, but buying them in larger quantities will increase that to 70-80% while adding a few more products will increase my overall revenue as well. Here is the link to my ebay store: http://stores.ebay.com/Your-Success-Store My financial situation: I am a good candidate for this loan because I earn more than enough with just my insurance income alone to cover all of my bills and pay this loan as well. In addition, my Ebay business generates almost enough profit monthly to cover all of my bills as well. My credit report does have some hiccups on it as I do have some late pays, but now that I'm married my wife takes care of all that and I haven't had a late pay since (thanks babe). Monthly net income: $ $4500 Insurance $3000 Ebay Monthly expenses: $ Housing: $ 900 Insurance: $ 250 Car expenses: $ 800 Utilities: $ 150 Phone, cable, internet: $ 100 Food, entertainment: $ 150 Clothing, household expenses $ 200 Credit cards and other loans: $ 1500 Other expenses: $ 200 |
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