Small amount of Capital neded to launch
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Listing Information
Amount: $15,000.00 Status: Loan created
Grade: AA DTI: 25%
Lender Rate: 12% Borrower: ELG
Time Left: Finished State: MI
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-06-09 EricsCC ROI: 11%
Status History
Jun 10, 2008 Current
Purpose of loan:
This loan will be used to? My husband and I are proud entrepreneurs.  We have a created a product that we are confident will have an immediate impact on the market place.
Everyday Lip Gloss is a high quality all natural product designed for women who want to feel beautiful everyday no matter what their schedule entails.  The beauty of this product is that it is affordable everyday and is for everybody.  Here are a few of the benefits of Everyday Lip Gloss: 
  •   All Natural Quality Ingredients
  • Never tested on animals
  • Moisturizes, Shine and Shimmer, and a Hint of Color
  • Color Palette includes 8 beautiful shades
  • Made in the USA
  • Strong Margins
  • Portion of every purchase goes to find the cure for breast cancer

We have exhausted our immediate cash liquidity and rather than finance the remainder on credit, we are looking for a 3 year loan.  The purpose of the loan will be to fund :  website development for online sales, first run of 2000 point of purchase displays to be used in regional retailers, acquire inital shipping and handling supplies,  and the remainder will go to attract new distributors and sales staff to get our product out to marketplace
I am a good candidate for this loan because? I am determined to make this company a success.  Our market research has shown that our product will be very popular with females ages 17-60.  Our product is priced well below the competition and we have a 280% net profit on wholesale sales and a 561% net profit margin on retail sales. 

I have a great credit history and strong employement.  I just need a little extra help to make our dreams come true.

I look forward to having you be a part of our success. 

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