Finished and raw materials, marketing items, display cases
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Listing Information
Amount: $18,000.00 Status: Loan created
Grade: AA DTI: 23%
Lender Rate: 19% Borrower: fenris
Time Left: Finished State: NV
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Default Origination Date: 2008-09-11 EricsCC ROI: -44%
Status History
Sep 11, 2008 Current
Dec 26, 2008 Late
Jan 12, 2009 1 month late
Jan 27, 2009 Current
Jan 30, 2009 Late
Feb 12, 2009 1 month late
Mar 12, 2009 2 months late
Mar 20, 2009 1 month late
Apr 15, 2009 2 months late
Apr 23, 2009 1 month late
May 12, 2009 2 months late
Jun 14, 2009 3 months late
Jun 18, 2009 2 months late
Jul 12, 2009 3 months late
Jul 18, 2009 2 months late
Aug 13, 2009 3 months late
Aug 25, 2009 2 months late
Sep 12, 2009 3 months late
Oct 13, 2009 4+ months late
Oct 15, 2009 2 months late
Oct 21, 2009 3 months late
Nov 14, 2009 Default
Purpose of loan:
This loan will be used to finance  both finished inventory  (I use wholesale sources) and raw materials for hand embellished items,  which I  need for a small shop. This shop has a low monthly lease (250) as it is in a huge local indoor swap meet. The shop will sell items for locals ( and tourists) who use "green" products such as local grown honey, herbs, locally found and polished rocks, teas, incense, sage for healing, handmade candles, jewelry, books, Celtic and Norse music, small statues and the like.

 
My financial situation:
I am a good candidate for this loan because I have an MBA, a business plan, many years in marketing and revenue management. I have researched wholesale vendors, leases, local and interest in the products. I also have both a published and internet marketing strategy.In addition I am a revenue Manager for  a billion dollar business and am attuned to revenue and marketing trends and rev man scientific pricing. I also have a masters in IS and a PhD in IS and am using a proprietary inventory control system. The start of this small venture will be used as a springboard to a brick and mortar store in the near future. I have already invested in several thousand dollars of my own capital in inventory.
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