Buying Inventory for Grand Opening
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,500.00 | Status: | Withdrawn |
| Grade: | D | DTI: | 38% |
| Lender Rate: | 26% | Borrower: | Ricklo1 |
| Finished | State: | CA | |
| Funded: | 7% | Group: | (No Group) |
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Purpose of loan: This loan will be used to? buy additional inventory for my growing business. I currently operate my business at a outdoor market in Orange County, Ca. Now I am opening a retail store in San Juan Capistrano, Ca across from San Juan Mission. It is famous for its Mission because in March swallows return to nest. Currently they are working on refurbishing an old movie theater which will increase traffic to this area.My focus is selling trendy junior, woman's clothing and accessories at affordable prices. My financial situation: I am a good candidate for this loan because? I currently work full time at See's Candies in OC, CA. I will continue to work full time and run my business.I have two part time employees that are going run the store when I am not there. I have been in retail for over 30 years so I am not new this. I always pay my bills on time. Most of my debt is from starting my business last year. I have already invested $5000 of my own money. My goal was to raise $7500 to open a store so a friend has lent me $4000. Now I still need $3500. Thank you for taking the time considering my needs and hope you can help me out. Follow your destiny,Wherever it leads. (Vickie Silvers) Monthly net income: $ 2200 + $1800 from business Monthly expenses: $ Housing: $ 500 Insurance: $ 18 Car expenses: $ 450 Utilities: $ 0 Phone, cable, internet: $ 20 Food, entertainment: $ 80 Clothing, household expenses $ 0 Credit cards and other loans: $ 532 Other expenses: $ 0 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 365240 | Buying additional inventory | D | $2,500 @ 16% | Jul 10, 2008 | Loan created |
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