High Growth Landscaping Company need working capital
| Listing Information |
| Amount: | $25,000.00 |
Status: | Loan created |
| Grade: | C |
DTI: | 27% |
| Lender Rate: | 29% |
Borrower: |
MBALandscaper
|
| Time Left: | Finished |
State: | GA |
| Funded: | 100% |
Group: |
KoyneLoans
|
| Loan Information |
| Loan Status:
| Paid |
Origination Date:
| 2006-08-21 |
EricsCC ROI:
| 28% |
| Status History |
| Aug 18, 2006 |
Current |
| Jul 19, 2008 |
Payoff in progress |
| Jul 24, 2008 |
Paid |
Professional Landscaping company experiencing high growth. We have three large contracts totaling $800,000 that will be starting shortly. We need the additional funding to mobilize and get ready to start the work. Once the jobs are started we can contract bill on a weekly basis. The company we purchased went from 35 employees and roughly $2.0 Million in sales to 65 employees and $4.5 Million annual in 2006. This loan will help us smooth out this additional growth spurt. |
| Borrower's Other Listings |
| 31093 |
Landscape Company with explosive growth |
C |
$25,000 @ 29% |
Aug 13, 2006 |
Withdrawn |
| 343973 |
High Growth Landscaping Company need working capital |
B |
$21,956 @ 25% |
Jun 03, 2008 |
Expired |
| 349508 |
High Growth Landscaping Company need working capital |
B |
$21,956 @ 35% |
Jun 12, 2008 |
Loan created |
|
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