Buying Inventory & Equipment
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 0% |
| Lender Rate: | 33% | Borrower: | Mobilteevending |
| Finished | State: | OH | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-09 | EricsCC ROI: | 33% |
| Status History | |
|---|---|
| Sep 08, 2008 | Current |
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Purpose of loan: First off, I just want to thank everyone who took the time to bid on my last listing and I invite your help again, thank you so very much. This loan will be used to purchase inventory , equipment and a cash reserve for operating expenses. mobilteevending.com an Innovating Vending Solutions LLC has been in business since June 2008. The business has shown growth and exceptional feedback. I operate the business currently with a partner, from my home on a part time basis. I have a full time job in retail sales, our vision is to expand our business. Sales have increased each month since start up. I have 2 years experience in retail and customer service with a degree in Marketing.Our company has taken an idea from conception to execution while making each step of the way count, not reinventing the wheel but finding a better way to provide a service to the 30 billion dollar a year t-shirt market. The Innovative new way of selling t-shirts not from just a typical vending machine, but from a machine that makes an impact with it's uniquness, it's style, and from the quality of the product it sells from inside. My financial situation: I am a good candidate for this loan because I have always paid my bills on time and I take loans seriously. I take my credit very seriously and I understand how important it is to pay bills on time every month. I understand the demand for the products we sell, with an emphasis on local and sustainable sources. My background in retail and experience in customer service are very important along with the ambition to keep our growing business in good health. I live in a two income household my business partner is an Owner operator of a local retail store in t-shirt sales and manufacturing of screen printed product. We are both college educated, and have degrees in business with strong backgrounds to expand and grow the t-shirt vending business. I have been buying inventory using my personal credit cards, currently I have close to 2000.00 in inventory. I have financed this operation out of my pay check and have no business loans at this time. The T-shirt industry is a Multi Billion dollar a year industry and is projected to continue to grow in the coming years. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 385628 | Buying Inventory & Equipment | A | $15,000 @ 20% | Aug 20, 2008 | Expired |
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