Expanding an Existing Successful Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,500.00 | Status: | Loan created |
| Grade: | C | DTI: | 27% |
| Lender Rate: | 15% | Borrower: | growingbiz08 |
| Finished | State: | MO | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-10 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Jun 10, 2008 | Current |
|
Purpose of loan: This loan will be used to expand an existing tax & accounting business. I have been in business for over 5 years now and business is growing steadily. I have recently started focusing on working with online business owners, including eBay sellers, graphic designers, coaches, virtual assistants, etc. The online business community is growing very rapidly, thus, my business has enjoyed a growth spurt as well, since I started focusing on this market. As a result of focusing on the online business community and the growth my business has seen, I now need to hire help. This loan will be used to hire a new employee and to invest in new equipment both for the employee and for the growing business. My financial situation: I am a good candidate for this loan because I have a good credit score and an excellent repayment history. I have never missed a payment or even had a late payment. Being an accountant, my credit history is very important to me, so you can be sure that I will go above and beyond to repay my loans and to keep my credit history in good standing. My business is over 5 years old and is growing, so I expect my profits to only increase from here. Investing in a new employee and new equipment will only allow me to grow my business and profit even faster. I am very excited about the business growth I have seen and the opportunity to hire help and grow it even bigger. |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|