Buying equipment for Workroom
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 0% |
| Lender Rate: | 11% | Borrower: | luv2sew |
| Finished | State: | NC | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-03 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Sep 01, 2008 | Current |
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Purpose of loan: This loan will be used to? purchase equipment for my sewing workroom. I have been making window treatments, pillows, and chair cushions for a decorator and some other clients. I have decided to take the next step and become a retail as well as wholesale workroom as of April this year. My business has picked up significantly and the current home sewing machines and other tools are not made for this constant use. I would like to purchase industrial equipment to make my workroom more efficient to complete jobs faster and better. Many other tools are also helpful in completing jobs in a more timely manner as well as adding to my education through webinars, books, and videos. I also purchased computer hardware and software to offer my customers professional renderings and estimates to land more jobs and efficiently process invoices as well as pay taxes properly. My financial situation: I am a good candidate for this loan because?I have been sewing for 20 years and this is a natural evolution of my love for sewing, my need for a home business. I have young children whom will all be in school 5 days a week this year so my time to work will increase dramatically. I have been working toward this business for the last several years while my children were in preschool, taking my time to educate myself on better techniques and learning how to run a business. I feel I am ready to take my business to the next level, but need some start up investment to grow. Thank you for considering me. |
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