Eric's Credit Community

BUSINESS PROFILE
The nature of my business consists of organizing entertainment social events for colleges and universities working with Greek organizations. These events that are conducted involve booking popular musical artists that target the collegiate market. The capacity of each event is 500-2000 people with an average ticket cost of $20.00. Having a joint venture with sororities and fraternities when organizing such events are guaranteed to result in a successful profit because it is targeted directly to the ongoing social demand of the collegiate market.

PURPOSE OF LOAN
The purpose of this loan is to assist me in having extra overhead for un-forseen issues

LOAN PAYMENT
Based on developing contracts with larger venues, I plan to pay this principal loan with all accrued interest within a three year term.

PERSONAL FINANCE

My current financial situation is great! However since my dad is elderly and the house is paid off I chose to stay with my father to take care of him since the passing of my mother in 2007. I contribute to my father’s household bills. I pay all of my personal bills on time every month and will intend on having the same good payment history in the future. I’m currently a corrections officer for a federal prison, and my current net income is $3250.00 monthly,  after a close look at my expenses I’m left with a total of  $1378.00 which is more then enough to repay the loan from my personal pocket if need be.

Personal expenses
Utilities $250.00
Cable/Phone $102.00
Truck payment $350.68
Auto Insurance $220.17
Gas $350 monthly
Emergency savings $350.00
Living expenses $250.00
Total  $1872.17
Remainder  $1378.00