Expanding remodeling business to include more services.
| Listing Information | |||
|---|---|---|---|
| Amount: | $20,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 14% |
| Lender Rate: | 11% | Borrower: | creativehandshs |
| Finished | State: | MD | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-09 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Jun 10, 2008 | Current |
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Purpose of loan: This loan will be used to? expand our business in several ways. We are adding Home Inspections as a service we will provide and the process requires our company to obtain a Home Inspections License with required in class review. The funds will also be used to assist financing the business while waiting for accounts receivables from bank draws and customers. We are using this opportunity to build more credit. My financial situation: I am a good candidate for this loan because?I am an experienced and licensed Home Improvement Contractor with an outstanding track record of success. We are adding valuable services to our business which will make us more profitable. Because we have relationships with many real estate professionals in our area adding these services will have an immediate impact on our profits as a business. Monthly net income: $ 6,200. Monthly expenses: $ Housing: $1,850. Insurance: $110. Car expenses: $250. Utilities: $270 Phone, cable, internet: $180. Food, entertainment: $450. Clothing, household expenses $135. Credit cards and other loans: $240. Other expenses: $ |
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