Buying inventory for upcoming Concert/Football seasons
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 9% |
| Lender Rate: | 13% | Borrower: | row2tickets |
| Finished | State: | MI | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-04-10 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Apr 10, 2008 | Current |
| Jul 24, 2008 | Payoff in progress |
| Jul 30, 2008 | Paid |
|
Purpose of loan: This loan will be used to expand our business inventory. Our inventory is highest in March-July as we do a majority of our business in the summer/fall and season ticket invoices are usually due around April/May. This loan will be used to purchase tickets for a variety of pro & college football teams, and should be repaid in full around September/October of this year. My financial situation: I am a good candidate for this loan because we have been in business 7 years, and have been extremely profitable and growing at an average of 50% a year. I made $300K a year in 07, and the majority of that gets put back right back into the business, in order to sustain the kind of growth we need to continue to grow our inventory and business. I am a homeowner with excellent credit, a degree from U-Michigan, and am excellent with finances all around. I have a net worth of over 500K at age 31, and I'm not going anywhere. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 281573 | Buying inventory for upcoming Concert/Football seasons | A | $25,000 @ 11% | Feb 19, 2008 | Expired |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|