Business Expansion
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 14% |
| Lender Rate: | 22% | Borrower: | islandisi |
| Finished | State: | TX | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2006-08-22 | EricsCC ROI: | 21% |
| Status History | |
|---|---|
| Aug 30, 2006 | Current |
| Jul 15, 2008 | Payoff in progress |
| Jul 18, 2008 | Paid |
| Started on a shoestring and now we're growing. Hiring personnel to staff new positions and this loan would provide money to cover the interim between starting to work and getting paid for the work. The company starts its new contract on 8-10-06 and we have just been asked to bid on additional positions at another chemical plant down the road. We have grown from 3 people to 12 and are projected to double in size between now and the end of the year. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 28807 | Interim funds for new workers | E | $3,780 @ 29% | Aug 03, 2006 | Withdrawn |
| 223578 | Business Expansion | HR | $12,000 @ 17% | Nov 26, 2007 | Expired |
| 256151 | Covering payroll for new employees. | E | $5,000 @ 17% | Dec 27, 2007 | Withdrawn |
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