Inventory for Our Computer Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,996.00 | Status: | Loan created |
| Grade: | A | DTI: | 12% |
| Lender Rate: | 13% | Borrower: | mmkings |
| Finished | State: | TX | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-11 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Sep 10, 2008 | Current |
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Purpose of loan: This loan will be used to? buy more inventory for our business. We sell and finance computers, but we need to have some computer systems in stock so the customers can get the computer installed right away when they palce an order with us. The problem that we have been facing is that they place the ordder and it takes 5 to 7 business days to get it built. Some customers have cancelled orders because they can't wait that long. This loan will allow us to have more business, more cash flow and less cancelled orders. My financial situation: I am a good candidate for this loan because? My husbad and I are teachers with a permanent position in our school districts with a yearly income of 90000. Also, we have been in business for two years and this is the last push that we need to achieve our financial goals. We have a rental property that gives us 300 every month. In addition, our busines is giving us $3300.00 to re-invest in new computer systems. We have 2500.00 left over after all other expenses have been covered. We don't want to mix our personal income with the one from our sales. My husbad has started several business , but this is the first time I see a real opportunity to be financially independent in the future, that is why, I am asking this loan. Feel free to ask questions and bid with cofidence because we plan to pay this loan with income we are already making. Thanks in advance for your support and good luck. MMK |
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