Buying inventory and business set up
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 28% |
| Lender Rate: | 13% | Borrower: | MKru1223 |
| Finished | State: | IL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-05 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Aug 05, 2008 | Current |
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Purpose of loan: This loan will be used to continue our new cigar business geared to the outdoorsman. We currently have two cigar manufacturers and have been to the annual trade show/convention in Las Vegas in July. We need to take the next step of developing our website, traveling to promote and sell our cigars to distributors, and continue to make/buy inventory. We also have a large outdoordoor apparel company interested in doing a line of clothing for us and we have been to two of their promotional events and will be traveling to other retail store locations throughout the country to do the same. My financial situation: I am a good candidate for this loan because we have already proven we are successful. We have our cigars in some retail shops currently and are in the process of working with a couple of large distributors to buy our cigars. We need continued financial support to take our product to the next level. I am employed full-time for over 9 years with the same company with continually expanding responsibilities. My husband owns his own business and has been successful in that for 4 years now. He wants to pursue this cigar business now. |
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