Buying into a thriving business
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 18% |
| Lender Rate: | 19% | Borrower: | MKCD |
| Finished | State: | MN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-11 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Jun 11, 2008 | Current |
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Purpose of loan: This loan will be used to buy into a portion of the company I currently work for. It's a small company, but it's both well-established in the industry and has huge growth potential with the recent addition of new products. Buying a portion would both positively impact the company and allow me to have a greater stake in its success. My financial situation: I am a good candidate for this loan because I am a responsible homeowner with good credit and a solid repayment history. Due to the current state of the housing market, my house has lost value since it was purchased and I do not, therefore, qualify for a home equity loan at this time. However, my salary, plus profit-sharing options would more than cover the loan payment each month. |
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