p2p lending at lending club
Expanding Business
Homeownership Verified

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Listing Information
Amount: $10,000.00 Status: Loan created
Grade: B DTI: 22%
Lender Rate: 13% Borrower: Jansanman
Time Left: Finished State: MA
Funded: 100% Group: 435 Supporting Lenders - Get FUNDED @ LOWER % than ANY group
Loan Information
Loan Status: 3 months late Origination Date: 2006-08-16 EricsCC ROI: -10%
Status History
Aug 15, 2006 Current
Aug 01, 2008 Late
Aug 19, 2008 1 month late
Sep 17, 2008 2 months late
Oct 17, 2008 3 months late
Hi, I am new to this and am seeking funding to expand my business. I have been running a commercial & residential cleaning company for the past 14 years and have been very successful. About four years ago I decided to open a Janitorial Supply store to compliment the cleaning business. It has taken a bit of time and a lot of capital to learn the business and build it up. I am at the point where I want to hire outside sales people, support staff, and bring in some new lines. I have funded some of the growth with credit cards and do not want to continue to do that.  I am seeking $7,000.00 for this expansion, which will be paid back from proceeds of the business. I have put all of the profits back into the business to increase inventory. I currently have approximately $80,000 in inventory and we are about to hit $500,000 in sales with a 1 man operation.
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