Buying Inventory for Small Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 7% |
| Lender Rate: | 8% | Borrower: | mightyrobear |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-31 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Jul 30, 2008 | Current |
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Purpose of loan: Buying Inventory for Small Business This loan will be used to purchase exotic reptiles, specifically Ball Pythons (Python Regius), for future breeding projects. The Ball Python market is a stable growing market with new, exciting, and rare genetic mutations. These mutations command a high ticket price due to there beautiful patterns and rarity. For further information about the Ball Python Market please visit Kingsnake.com. Here is a link to the classified ads for Ball Pythons: http://market.kingsnake.com/index.php?cat=32. **The picture with the list is of the Piebald mutation for the Ball Python. This is the snake we will be purchasing and breeding. Hatchlings run from $2,000-$3,000 per snake, and we will producing upwards of 10 Piebalds next year. Keep in mind that a snake is like an investment they increase in value as the snake get older and puts on more weight** My financial situation: Is overall excellent. My debt consists of $2,000 total. My savings consists of over $135,000 that is invested in various mutual funds and CDs. I am a good candidate for this loan because my business partner and I share a passion for reptiles, specifically Ball Pythons. We have been raising and breeding Ball Pythons for years now, and we are ready to take our business to the next level. We are both hardworking individuals who are trying to make a living doing what we love to do, and we need this loan to kick-start our business into one that provides us with consistent income. |
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