Mac Development Opportuity
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,600.00 | Status: | Loan created |
| Grade: | A | DTI: | 16% |
| Lender Rate: | 9% | Borrower: | smr39 |
| Finished | State: | OH | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-01 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Jul 09, 2008 | Current |
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Purpose of Loan A friend, who used to be one of my employees, has a small, successful LLC. We've talked for years about starting our own LLC on the side as something that might grow and provide us with a way to use our talents to have fun and invest in our futures. He has always talked about how great the Mac OS X platform is, and recently I was given the MacBook Pro laptop at work. I now see that it is a great platform, and I am applying for a loan to take on this opportunity in hopefully the best way possible. These funds will be used to buy a MacBook Pro and Adobe Web Premium for web development. I am interested in web based development as well as building native applications using Xcode. Financial Situation I have worked at a well known, large public university for 10 years. I have been steadily promoted during my tenure:
I've done a lot of systems administration and software development on the web and desktop. I'm looking to expand that on the side as I already spend most free time on computing technology. My monthly budget details follow: Monthly Net Income: $3,873.74 Monthly Expenses: Rent: $500 Utility Bills: $200 Car Payment: $534.46 Cell Phone: $86 Gas (travel): $400 Stafford Loan: $96 Car Insurance: $70 Credit Cards: $100 Food: $400 Home Equity Loan: $300 Property Tax Loan: $113.29 Dell Laptop: $100 Total Monthly Expenses: $2,899.75 Net Left for Expenses: $973.99 Notes: I took a home equity loan on a shared property to give my parents money to finish working on their home. The payment reflected is enough to pay it off with projected APR increases, etc. I also took a small personal loan to pay their property taxes about 6 months ago as they were a year overdue. The Dell laptop is close to being paid off, and the credit card expense is in case I use them. My credit cards will be paid off soon, and I want to avoid putting debt on them, which shouldn't be necessary given the amount of money I have left after expenses. This loan is to avoid that as well. Thanks for your consideration! |
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