Restaurant Marketing/Expansion Funding
Homeownership Verified

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Listing Information
Amount: $15,000.00 Status: Loan created
Grade: B DTI: 11%
Lender Rate: 15% Borrower: subsnmore
Time Left: Finished State: MO
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Default Origination Date: 2006-09-01 EricsCC ROI: -54%
Status History
Dec 04, 2006 Current
Mar 16, 2007 Late
Apr 02, 2007 1 month late
May 03, 2007 2 months late
Jun 03, 2007 3+ months late
Jun 09, 2007 3 months late
Jul 02, 2007 4+ months late
Aug 28, 2007 Default
Subs N More opened on Aug. 15th 2006 with large turnouts and rave reviews. We serve Subs, Pizza, Wings, Salads & Ice Cream. We have positioned our shop location in a town that is experiencing large commercial and residential growth and we specialize in serving foods that previously was not availiable in the area. We are the only place in town serving Subs, Pizza and Ice Cream and expect to become a cornerstone business essential to the growth of the community. I would be a good candidate for this loan having worked in the restaurant industry for many years in crew/managment positions and having all the knowledge required to manage a successful restaurant. I also have Full Time employment to supply additional cash flow into the business but I seek to secure extra funding to expand the restaurants menu capabilities and also to create some marketing campaigns to draw more customers in from surrounding areas. Thanks in advance for your contribution to an outstanding food establishment.
Borrower's Other Listings
33820 Restaurant Expansion/Marketing Funds B $15,000 @ 14% Aug 24, 2006 Withdrawn

 

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