Expand service-based record company internationally
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 34% |
| Lender Rate: | 20% | Borrower: | michael1971 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2008-06-30 | EricsCC ROI: | -30% |
| Status History | |
|---|---|
| Jun 28, 2008 | Current |
| Jul 16, 2009 | Late |
| Jul 31, 2009 | 1 month late |
| Aug 25, 2009 | Current |
| Nov 14, 2009 | Late |
| Dec 02, 2009 | 1 month late |
| Dec 31, 2009 | 2 months late |
| Jan 31, 2010 | 3 months late |
| Mar 01, 2010 | 4+ months late |
| Mar 10, 2010 | Default |
|
Purpose of loan: This loan will be used to develop customized software & fortify our infrastructure to allow our service-based record company, ArtiSans Label (artists without a label) to expand into international markets to grow our business and side-step the looming economic troubles in the U.S. Money will be used to create ArtiSans Label Express...a fun, interactive online experience for independent musicians worldwide to custom-create their own vision of a hard-working record company and release their music worldwide without giving up a single percentage of copyright ownership, artistic integrity, or career control. My financial situation: I am a good candidate for this loan because there are 5.4 million independent artists worldwide (MySpace, 2007) releasing music in one form or another. More than 99% need an alternative method to release music other than a traditional record label. After 2 years of start-up (maintaining a 705-730 credit score) to create a trustworthy company to improve the business & work ethics of the traditional music industry, our market research & word-of-mouth clientele have blown away all our early projections. Without a single dime spent on a marketing or advertising campaign, interest in this "reinvented record label" has overwhelmed our staff. Working with companies such as iTunes and Amazon.com, this money will be used to build up our infrastructure & create software to handle the demand, and commence with a marketing campaign confident that we can diligently service the demand. An example of our packages can be viewed at this link (10Mb, slow download): ArtiSans Label Sample Package 1% of the market share = $20 million profit under our business model. Can you help us get there? |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 353101 | Expand service-based record company internationally | A | $25,000 @ 24% | Jun 19, 2008 | Withdrawn |
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