Detail King Franchise
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,000.00 | Status: | Withdrawn |
| Grade: | B | DTI: | 26% |
| Lender Rate: | 20% | Borrower: | mcphck |
| Finished | State: | NC | |
| Funded: | 3% | Group: | 1st and BEST for Loans |
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Purpose of loan: I have always had a love for automobiles, and look at them as not only a personal investment, but also as an extension of a persons charecter. Living in North Carolina, I have a unique opportunity to open a mobile detailing business, to take my skills to the people that need them, and to operate it year round. I want to open a Detail King automotive Detail business, and with it, become franchised to operate in my local area without fear of competition. Detail King makes it easy, with ready to go startup kits, and they offer seminars to show you the right way to detail a car, and to gain repeat business. I plan to offer my services to not only individuals, but to businesses, and detail their cars while they work. I also have a unique opportunity, in that with my current work schedule, which will not change, in that out of every two weeks, I only work 1 week. This allows ample time to devote to my business, and to watch it grow, all the while having a full time job with benefits, its a win win. www.detailking.com My financial situation: I am a good candidate for this loan because I pay my bills, on time every time. You will notice it says I have 2 delinquent accounts totalling around 900 dollars. This is wrong. The accounts in question are student loans, which I am not required to pay back while in school. I am a full time student at the University of Phoenix, and unfortunatly I had to take some time off when my father passed away at the end of last August. While getting things in order for my mom I went outside of the window for deferment, I am now back in school and just waiting for the paperwork to catch up to the actual events. I work full time as Supervisor for a major Pharmaceutical company, and I attend school full time carrying a 3.7 GPA, while attaining my BS in Business Management. I know what needs to be done and I do it, I assure you all I am a zero risk factor. Monthly net income: $ Alone I made 91000/yr as per my W-2 from 2007. My wife while not on this loan, does contribute to the household expenses and makes an additional 45K/yr as a Special Education Teacher. I also receive 474/m tax free for my VA disability for injuries I received while serving 9+ years in the United States Navy. Monthly expenses: $ Housing: $ 1570 Insurance: $ 100 Car expenses: $ 580/540 for wifes car Utilities: $ 350 Phone, cable, internet: $ 180 Food, entertainment: $ 500 Clothing, household expenses $ 150 Credit cards and other loans: $ 200 Other expenses: $ 500 Total expenses 4130/4570 with wifes car There is a public record on my account which was a bankruptcy filed by myself in 2001, after I was discharged from the military. I came out of the military and secured a well paying job, but I wasnt prepared for all of the expenses that civilians face, and quickly found myself over my head. I learned a hard and valuable lesson, one that I will never forget. Since that time I have purchased a house, automobiles, received credit cards etc...were it not for the public record I have, I have no doubt that my credit score would be an A, but the bankruptcy hurts. Its hard to explain when all most people see is a credit score and no history. I have only my word to give you that this is a good risk, and I take that very seriously. I would like to thank all of you in advance for your assitance and your trust. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 26255 | economical car for work commute | B | $4,000 @ 13% | Jul 24, 2006 | Withdrawn |
| 27221 | Commuter car for work | B | $5,000 @ 14% | Jul 28, 2006 | Loan created |
| 309341 | improving my financial situation to start a small business | B | $15,000 @ 11% | Apr 13, 2008 | Withdrawn |
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