Acquiring another CPA firm
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 14% |
| Lender Rate: | 12% | Borrower: | colts1231 |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-07 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Aug 07, 2008 | Current |
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Purpose of loan: This loan will be used to acquire another CPA firm. This purchase will increase my yearly billings $350,000 and increase my net profit $112,000. My financial situation: I am a good candidate for this loan because my personal income will increase 30,000 per year which will easily allow me to pay back the $25,000. Monthly Income: 16,500 Mortgage: 2,667 Auto Pymt 872 HELOC 453 My credit cards are paid off every month. I have the necessary income to pay the loan back with no problems. |
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