Cashflow Needed for Small Startup
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 13% |
| Lender Rate: | 12% | Borrower: | tshurts |
| Finished | State: | VA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-31 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Jul 31, 2008 | Current |
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Purpose of loan: This loan will be used to help me fulfill a dream of starting my own business. I have a patent-pending product that helps nursing mothers. I am currently in the process of going to two trades hows this year to market my product and have submitted for innovative product of the year awards to Juvenile Product Manufacturing Association as well as the Whirlpool Mother of Invention Contest. Right now I have a finished prototype, manufacturing instructions and am looking to get a small production run so that I can begin to sell and market my product. I am projecting~200K in revenue after the first year. You can view my website at www.motheresse.com My financial situation: I am a good candidate for this loan because I am financially stable, I have no car debt, no personal credit cards and have an excellent credit score. I continue to keep my "day" job so that I am able to maintain income while I work nights and weekends on getting this business off the ground. |
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