Investment Capital Needed for Business Expansion
| Listing Information |
| Amount: | $3,000.00 |
Status: | Loan created |
| Grade: | B |
DTI: | 10% |
| Lender Rate: | 10% |
Borrower: |
kogutka
|
| Time Left: | Finished |
State: | IL |
| Funded: | 100% |
Group: |
PsychDoc's Group
|
| Loan Information |
| Loan Status:
| Paid |
Origination Date:
| 2006-08-15 |
EricsCC ROI:
| 10% |
| Status History |
| Aug 13, 2006 |
Current |
| Oct 03, 2007 |
Payoff in progress |
| Oct 05, 2007 |
Paid |
My name is Anna [LAST NAME DELETED], and my partner and I run a small business that
helps students at the high school, college and corporate level learn to
read faster. What most people would consider speed reading....We?ve
been in business for a year now, and business is expanding quickly?
However, with expansion come many expenses. We recently moved into a
new office space that we share with other instructors and tutors.
Because we?ve been growing, we?re getting more business than the two of
us can handle and we need to hire administrative help along with
training new teachers.
We?ve been mainly doing business in the Chicago land area; however,
we?ve had tremendous interest from people in other states. We have
decided to plan an event in Washington D.C. We also have pending deals
with certain corporations in the Chicago area, such as Lehman Brothers.
The program name is really creating a buzz around the area and more
people are inquiring about it.
We plan to use the money to organize the event in Washington D.C. Our
target market will be college students and business professionals. We
plan a 200% return on investment, and this would be a short-term loan
that we would repay quickly after the promotion. Fund our loan and
you?ll be helping us expand our business AND allowing DC students to
have the opportunity to read faster?
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