FAST GROWING & SUCCESSFUL BUSINESS IS EXPANDING!!
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Listing Information
Amount: $9,000.00 Status: Loan created
Grade: C DTI: 9%
Lender Rate: 16% Borrower: AntiqueChaser
Time Left: Finished State: TX
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Paid Origination Date: 2006-09-26 EricsCC ROI: 15%
Status History
Dec 04, 2006 Current
Sep 26, 2009 Payoff in progress
Oct 03, 2009 Paid
Jun 08, 2010 Default
Jun 11, 2010 Paid

Hello;

   My name is Pamela and I would like to thank you in advance for your time and consideration.

   I own an antique & collectibles store along with my husband in historic .  For those of you not already aware, Salado is a HUGE tourist stop between and along I.H. 35.  is most recognized for its antique shopping, dining, and bed & breakfasts.  It is the home to Mill Creek Golf Club, which was designed by the famous golf architect Robert Trent Jones Jr.  During the Christmas season, it is not unusual for the town (pop. 2200) to swell to 20,000 visitors! 

   We opened our doors in Feb. 2005 and in July of 2005 we DOUBLED our store size because business was so good.  We have operated our business without the assistance of ANY loans so far. We wanted to make sure we would be successful first.  Now we want to expand our line of services available to include an emporium of gifts and other popular items.  In other words, sell more than just antiques & collectibles.  Our profits so far are 45% above last year, and with expansion, plan for another 50%- 75% increase in profits.  We look forward to growing our business in the future by opening stores in different locations across . We have ZERO debt with our store.  This loan would be used strictly for inventory, advertising, fixtures and becoming an L.L.C. (Limited Liability Corp.)  Our inventory level at this time is about $40,000.  Our profits per piece can range from 10% - 200% depending on the item.

   I am a savvy buyer of merchandise and I try to only purchase the nicest pieces at the best price and pass those savings on to our customers.  We have a reputation of having the best prices in town!  My husband runs the store (he is a GREAT salesman) and I still work as a software manager until we expand to more stores and I retire from that and help with growing our business. 

   We are a good and honest Christian couple with two children, (One is a Marine and the other is an E.M.S. Tech) and two grand children. Someday our business will be theirs.  I have not had any delinquent payment in years, so I will be looking into why it shows differently. We will have NO trouble paying this back (probably early).  This is a SOLID investment.

   Again, thank you for considering this and helping us grow with continued success.

   Pamela

 

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