Working capital and furniture
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 28% |
| Lender Rate: | 19% | Borrower: | annapickle |
| Finished | State: | OH | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-26 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Aug 24, 2008 | Current |
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Purpose of loan: This loan will be used for working capital. I own a fast casual restaurant that has experienced a 20% increase in sales over last year. The restaurant is slower in the summer because we are in a college area. The working capital will provide a cash bridge until school resumes in September. The capital will also be used to purchase additional dining room seating to expand our capacity which is usually full during lunch and dinner hours. My financial situation: I am a good candidate for this loan because I have a consistent record of repaying my debts. The business is also on a steady growth path at our location as well as around the US. Monthly net income: $ 7298 Monthly expenses: $ Housing: $ 2195 Insurance: $ 160 Car expenses: $ 519 Utilities: $ 300 Phone, cable, internet: $ 360 Food, entertainment: $ 800 Clothing, household expenses $ 150 Credit cards and other loans: $ 2000 Other expenses: $ 100 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 373725 | Working capital and furniture | B | $15,000 @ 27% | Jul 26, 2008 | Expired |
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