Buying trailer and tools for excavating business
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 22% |
| Lender Rate: | 22% | Borrower: | 320Pilot |
| Finished | State: | PA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-03 | EricsCC ROI: | 20% |
| Status History | |
|---|---|
| Jun 05, 2008 | Current |
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Purpose of loan: This loan will be used to purchase a trailer and some misc tools and equipment for a small excavating business I am starting. I already have a truck and a machine, now I need a way to transport the machine to job sites. I have been approached for work and had to turn it down because I have no way to transport such a large machine. My full time job as an airline pilot affords me a lot of time off, and I am going to use this free time to earn some extra income to help pay off my current bills and help fund my kids' college educations My financial situation: I am a good candidate for this loan because I am a hard worker and have a well paying full time job. I am starting this business to supplement my income. I have good connections for this type of work through friends and have already been asked to do some overflow work, I just need a trailer to get there! Monthly net income: $ 10,000 Monthly expenses: $ Housing: $ 2650 Insurance: $ 250 Car expenses: $ 430 Utilities: $ 130 Phone, cable, internet: $ 275 Food, entertainment: $ 150 Clothing, household expenses $ 100 Credit cards and other loans: $ 1000 Other expenses: $ 350 |
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