Business loan for magazine in its third year; time to expand
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 26% |
| Lender Rate: | 19% | Borrower: | citydogmagazine |
| Finished | State: | WA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-03-13 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Mar 12, 2008 | Current |
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Purpose of loan: This loan will be used to pay for the expansion of Seattle-based CityDog Magazine into new distribution areas as well as hire a part time advertising sales representative. My financial situation: I am a good candidate for this loan because CityDog Magazine is in its third year and has always broken even. I have completely financed the business myself from startup, however now is the time to expand into new markets and I don't have the available cash to accomplish this by myself. Monthly net income: $4,000 Monthly expenses: $ Housing: $1,400 Insurance: $100 Car expenses: $ 0 Utilities: $200 Phone, cable, internet: $250 Food, entertainment: $200 Clothing, household expenses $ 100 Credit cards and other loans: $500 Other expenses: $200 |
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