Buying Inventory in advance of a PR campaign
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 0% |
| Lender Rate: | 8% | Borrower: | smart_borrower |
| Finished | State: | CT | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-08-27 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Aug 28, 2008 | Current |
| Oct 10, 2008 | Payoff in progress |
| Oct 16, 2008 | Paid |
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Purpose of loan: This loan will be used to acquire DVDs to sell at our website. We purchase the DVDs for roughly $8.00 each and sell them for roughly $30.00 each. There is a big article coming up in September 1st in More Magazine where the DVD title will be getting a favorable plug and we need to stock up in advance. My financial situation: I am a good candidate for this loan because I have never defaulted on a loan, have used credit wisely. The website that sells the DVDs is fully owned and we do our own hosting, there is very little fixed or variable expenses associated with this transaction. The DVDs in question have been on the market for 4 years and remain popular. The supply is limited, but we have exclusive access to the master DVDs due to copyright protection. |
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