Business help
Homeownership Verified

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Listing Information
Amount: $10,000.00 Status: Loan created
Grade: E DTI: 54%
Lender Rate: 29% Borrower: ronndo
Time Left: Finished State: TX
Funded: 100% Group: PsychDoc's Group
Loan Information
Loan Status: Default Origination Date: 2006-08-25 EricsCC ROI: -35%
Status History
Aug 28, 2006 Current
Jul 10, 2007 Late
Jul 26, 2007 1 month late
Aug 28, 2007 2 months late
Sep 27, 2007 3 months late
Oct 30, 2007 4+ months late
Dec 27, 2007 Default

 I have spent several years in finance and sales management in the automotive industry. My story is too long to fit in here but I will be happy to visit with you at some point. I was fortunate enough to build a great relationship with several lenders over the years, working as general manager, sales manager and finance director for various franchise dealerships. I have since went into freelance finance and consulting for other dealers, helping consumers who would not normally qualify for auto loans, because of bad or no credit, now qualify for nicer later model vehicles and with affordable down payments. Over the past year  I have placed well over two hundred people in automobiles while helping them establish or re-establish thier credit. Recently I made the decision to start my own dealership designed mainly for that type of customer, I have all lines of credit set up with my bank, a great location and several sub prime lenders waiting for my operations to start. One of my investors dropped out because of financial problems, I was originally short $ 25000. dollars for start up, I have saved over $ 16,000.00 in the last three and a half weeks and now I am listing for $ 10,000.00 which will be used for reserve operating capital. I can repay a loan of this size easily, I have put almost every penny I have into this venture and now have come up a little short. My credit is very good but my score is low due to inquiries and revolving availability. My banker has issued a $ 100,000.00 line of credit for my business, I have already been licensed, bonded and all background checks with the FBI and office of consumer credit commissioner have been completed, I am nearly finished with the remodeling of my building and start up is set for September 1st, I would greatly appreciate any help funding this loan,Thanks - Ron [LAST NAME DELETED] (325)  

Borrower's Other Listings
29731 Business Help E $12,500 @ 29% Aug 07, 2006 Expired

 

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