Established Business Seeking Expansion
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 13% |
| Lender Rate: | 13% | Borrower: | prospectinvestments |
| Finished | State: | TN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-01 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jul 09, 2008 | Current |
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Purpose of loan: This loan will be used to expand our current business into the graphic and website design business, we currently have 6 projects on the plate that we need runway to complete. The projects should be complete within 3 months, we are just seeking funds to cover the costs associated with the initial expansion of these services. About TechPros: TechPros was founded in 2006 and has grown very quickly since, we are currently just a little slim on the cashflow due to opening our second retail store, the second store is doing great, and is getting more busy everyday. We are expanding into the graphic design, website design and software development and are just seeking cashflow to have runway for the next couple of months until the first round of projects are complete. TechPros is financially very stable, we have just opened the second store, and do not want to turn down the opportunities that we have on the table. My financial situation: TechPros financially is very stable, just a little cashflow slim right now due to opening the second store, my personal financial situation is great, with only land and house payment. (all assets) |
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