Marketing
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 31% |
| Lender Rate: | 12% | Borrower: | pilotgoose |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-31 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Jul 31, 2008 | Current |
|
Purpose of loan: The funds will be used as a bridge loan so my company, Business Data Access (BDA), can increase our marketing efforts selling our internet service to accounting firms. Business Data Transfer Services (BDA) has been selling an internet based service to accounting firms since April of 2004. In the fall of 2007 we aligned with a marketing firm out of Nashville Tn, Information Collection Services (ICS), who proved extremely effective at identifying and setting phone appointments with accounting firms that are good prospects for our service. We currently have two (2) ICS representatives calling a combinded 50 hours weekly or 200 hours monthly. Our cost is $5000 monthly. The ROI is extremely attractive since we've been closing leads from each month that generate between $4000-$5000 the first year. Since offering our service in 2004 approximately 90 percent of our accounting firms are still with us and they pay us the same amount annually on their anniversary date. What makes this so attractive is that the marketing company, ICS, just about pays for itself with the accountant firms annual subscription, and BDA now owns the residual over the coming years, plus the relationship and referrals we get from the new accounting firm. Our goal is to bring on two additional callers which will cost another $5000 per month. Since there is a 60-90 day sales cycle, we're trying to raise $15,000 to cover the gap between paying the ICS invoice and when the leads close. While are future is VERY bright, you'd be helping a small busines move to the next level. We currently only have three (3) full time W-2 employees and two (2) 1099 individuals who handle our technical requirements. All other monthly expenses are covered by ongoing cash flow from accounting firms we sold since 2004. This new loan will be used solely to contact and sell our service to new accounting firms. My financial situation: I'm 51 years old, retired Marine Corps officer, President and majority share holder of BDA since 2004. My credit has always been excellent. If you've ever wanted to invest in a small company that's PAST the start up phase and has exciting future, we are a good opportunity. You can review our website at www.businessdataaccess.com. Thank you for your consideration of being an investor in Business Data Access (BDA). |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|