Starting a small home business
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 36% |
| Lender Rate: | 19% | Borrower: | socpaladin |
| Finished | State: | IA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-04 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Jun 05, 2008 | Current |
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Purpose of loan: I will be using the loan to start a small home business working with a company called "Occasionography". I would be offering unique and customized invitations, annoucements, cards and other items. I would be running small ads in the local newspaper and I would also be doing a direct mail campaign to let people know what products and services I would offer. This would start as a small project on the side to supplement my full time income with the plan of becoming my sole income source as the business grows and expands. My financial situation: My current financial situation is fair. Last year I had some setbacks and hiccups due to illness and surgery that put me out of work for several months. This year is more stable and I have received several raises at my place of employment. Monthly net income: $ I work full time and get paid weekly. I usually net around $350 per week. My wife also works and she nets around $400 every two weeks. Together we net around $2000 a month. I also revieve bonus's where I work that varie from $20 - $250 on top of $350 I net per week. Monthly expenses: $ Housing: $ 450 Insurance: $ 50 Car expenses: $ 300 Utilities: $ 150 Phone, cable, internet: $ 100 Food, entertainment: $ 100 per week (there are six of us) Clothing, household expenses $ 100 Credit cards and other loans: $ 100 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 169700 | Faith Expressions | D | $25,000 @ 19% | Jul 15, 2007 | Withdrawn |
| 194255 | Faith Expressions | D | $20,000 @ 17% | Aug 31, 2007 | Expired |
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