New Business Venture
| Listing Information | |||
|---|---|---|---|
| Amount: | $16,000.00 | Status: | Withdrawn |
| Grade: | AA | DTI: | 10% |
| Lender Rate: | 18% | Borrower: | isualum |
| Finished | State: | FL | |
| Funded: | 13% | Group: | (No Group) |
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I am currently a pharmaceutical rep and have been with the company for 6 years. I have recently opened a Smoothie King franchise 3 months ago. We have been successful in staying above our breakeven with steady sales growth over the first 3 months. I am looking to diversify into different business adventures. I plan to open a small vending machine business in my local area. I plan to start with 5 machines with plans of growth. I am very responsible when it comes to paying my finacial obligations which includes personal mortgages, credit cards, and business related debts. With a full-time job and additional income from my business, I plan to pay back the loan promptly. Below is a list of my financial obligations. Yearly Income Pharmaceutical: $88,000 + car & gas Yearly Income Smoothie King: $24,000 - 50% profit sharing Mortgage: $2,500 Credit Cards: $200 Utilities: $300 Food: $300 Entertainment: $200 DTI = 35% |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 383761 | Consolidating Credit Card and Personal Loan Debt | AA | $17,000 @ 15% | Aug 16, 2008 | Loan created |
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