Purpose of loan: To continue 06-08 start-up of comprehensive MH/social services, Imara Resources, LLC. Will cover website, produce/distribute prof. marketing matls, credit card processing fees, initial CEU appr. fees, & add. billing/client assessment software. Business launched after consultation w/SBDC & contracted CPA in Gadsden. Was sole prop. of counseling services in Monroe, LA where lived 30+ yrs. & raised 3 children, as supplemental income to teaching salary at ULM' practice rather than teach in summer mos. & continue this pattern in Alabama; intend practice as supplemental retirement income in 8 years. Currently share office expenses w/6 other sole proprietor counselors, one of whom, Judy Johnson, LPC, in private practice 20+ years, earns approx. $90K annual net; my private practice mentor. (AL contracts more heavily w/private counseling than experienced in LA.) Under her direction to generate referrals, creating website. Market research in combined on-line/on-site MH/social services caused broadeniing site from on-site referral source only to on-line counseling & training (site live 09-08, see @ http://www.widenetconsulting.com/templates/imara/index4.html) Encouraged by advisors & developing trends in counseling field, invested personal savings (approx. $25K). Goal: have all components in place to launch virtual & real marketing to coincide w/08-09 Acad,Yr. Out of $$; need add. resources to accomplish. Have provider credentialing for Medicare, Tricare, & others; awaiting provider #'s from other sources; billing just now possible w/revenue expected for services provided since 05-08; may require add. 2-4 wks. for receipt. On verge of consistent start-up revenue stream; add. marketing will sustain/increase revenues. Bbsiness plan, currently developing w/SBDC & accountants, avail. on request.
My financial situation: Good candidate for loan b/c I have sound business/financial advising & safeguards in place, maintain FT employment @t JSU & can generate revenue to achieve goals for use of loan & re-payment. Have skills, knowledge, drive & sound supports to make business successful. Full resume, academic & professional credentials, references available on request. Whereas FICO score is nonstellar, believe life circumstances demonstrate diligence, perseverance & ability to survive & overcome difficult financial periods. Married 30 yrs., supported husband through his college degree & his self-employment while I working FT; eventually completed doctorate in 2003 to advance higher-ed career w/children then in high school & entering college. 1st husband & I remarried others; but I again w/financially & in other ways exploitive & abusive spouse. Filed for divorce & moved to Alabama after securing FT employment @ JSU Aug 2006 b/c all 3 now married children live in/around Birmingham. FT teaching position & this business, with good marketing strategies & professional supports to sustain steady revenue, will not only provide financially for my retirement, but also?with God?s grace?build a viable business for employment of others. Detailed explanation of credit report available on request; not yet reflects 2nd divorce finalized |
