Need Equipment to Expand T-Shirt Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,500.00 | Status: | Loan created |
| Grade: | HR | DTI: | 22% |
| Lender Rate: | 29% | Borrower: | Maradith |
| Finished | State: | MO | |
| Funded: | 100% | Group: | BuildingTree |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-03-06 | EricsCC ROI: | 26% |
| Status History | |
|---|---|
| Mar 06, 2008 | Current |
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Purpose of loan: My husband and I have recently opened an Embroidery Business out of our home. We have acquired some great accounts (2 local all-star cheerleading gyms which house approx 150 athletes), but to make ourselves more marketable and keep with our customer's demands, we would like to include Garment Printer which is like a screen printer. I believe this will increase our business by 55% The Equipment is $2500. So this entire loan would be used for the sole purpose of expanding our business line and profits. Our credit history - not great...I brought alot of debt from a previous marriage into my current marriage and unfortuantely we had to eventually file bankruptcy. We put it off so long we just got ourselves further and further in debt. It has been a year and we are re-establishing our credit every day. Our report still shows several delinquinces, however after viewing it today, they are all old and should have been discharged in the bankruptcy. The 2 accounts I currently have are Capitol One Auto Finance, Capitol One Credit Card that I am using to restablish my credit. Both are current. We also have been paying on a $1000. Prosper loan without fail for almost a year. I also run an in-home daycare and have for 11 years. I currently have a full load and a waiting list. In addition to this, my hubby and I have been running the embroidery business in the evenings. We definately have the means to pay back the loan. My monthly budget: Salary: 3000.00 (this does not include my husband's income) My husband takes care of all the day to day living expenses out of his income. My day care income covers groceries, entertainment and the kids extra curricular activities. This allows enough money to pay back the loan quickly. Please take a chance on us and we will make it worth it. We are good people and would just like the opportunity to double our business and appeal to other markets. We definately our hard working and have the drive to succeed!!!! Thank you in advance for consideration |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 131734 | Need Equipment to Expand T-Shirt Business | HR | $1,000 @ 29% | May 02, 2007 | Loan created |
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