Expanding marketing reach for successful conference program
| Listing Information | |||
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| Amount: | $20,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 8% |
| Lender Rate: | 19% | Borrower: | gman762x |
| Finished | State: | TN | |
| 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: This loan will be used to bolster our marketing reach as we operate our conference series. The company I co-own provides management consultation to nonprofits and charities nationwide. Among our service offerings is a day-long conference aimed at board members, officers and managers of nonprofits. The conference teaches best practices for compliance with state and federal law, particularly with the Internal Revenue Service, as well as specific management principles for successful program operation. This conference series has steadily grown over the past 18 months, averaging 30 attendees per conference with 3-4 conferences per month. The need for the loan is due to recent, immediate cash-flow constraints related to the relocation of a branch office to the same city as our HQ. The move will dramatically improve our long-term cash flow, but the temporary diversion of cash for the move has significantly impacted our marketing budget for the next 3 months. This loan will provide the needed money to maintain a proper marketing effort while our cash-flow returns to normal (and improves) over the summer months. My financial situation: I am a good candidate for this loan for a number of reasons:
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