Relist: Working Capital for Photography Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 0% |
| Lender Rate: | 19% | Borrower: | Electric_eye |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-30 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Sep 30, 2008 | Current |
|
Purpose of loan: This loan will be used as working capital to grow my photography business and purchase additional equipment. We are a group photography company that specializes in high school and college marching bands, concert bands, choir and orchestra festivals. We are currently the official contracted photographers for the Florida Bandmasters Association - District 15 Broward County, District 16 Miami Dade County, District 17 Jacksonville; District 4 Gainesville, Florida Vocal Association - District 15 Broward County, District 14 Palm Beach County, All-Star Music Festival in Orlando and other local festivals throughout Florida. You can view samples of our work at paradiseeventphotography.com. We are also currently contracted with 34 schools in Broward, Miami Dade and Palm Beach Counties to photograph Portraits/Composites for their band programs. Additionally, we also photograph numerous weddings and corporate events in our off season (Winter Holidays, Summer Vacation). We are currently looking to expand with an opportunity to secure additional contracts in Florida as well as Georgia and The Carolinas requiring the immediate purchase of two additional sets of specialty built group photo risers/bleachers. Our expected ROI for the additional risers is between $5000.00 and $15000.00, per set, per event/week. My financial situation: I am a good candidate for this loan because I will be able to pay this loan off easily and promise to pay all lenders back. I have been self employed as a successful photographer for more than 10 years. I pay all my bills on time with no delinquencies, low bank card utilization and a credit score in the mid 700's. I have recently secured several multi-year contracts to photograph music festivals throughout my home state with an opportunity to get additional contracts in neighboring states. Thank you to everyone that bid on my previous listing!!! Monthly net income: $ 5000.00 Monthly expenses: $ Housing: $650.00 Insurance: $150.00 Car expenses: $450.00 - Will be paid off in four months. Utilities: $65.00 Phone, cable, internet: $165.00 Food, entertainment: $350.00 Clothing, household expenses $200.00 Credit cards and other loans: $250.00 Other expenses: $150.00 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 383352 | Working Capital for Photography Business | B | $20,000 @ 18% | Aug 15, 2008 | Withdrawn |
| 384691 | Working Capital for Photography Business | B | $20,000 @ 25% | Aug 18, 2008 | Expired |
| 392372 | Working Capital for Photography Business | B | $25,000 @ 35% | Sep 03, 2008 | Expired |
| 396131 | Working Capital for Photography Business | B | $15,000 @ 31% | Sep 10, 2008 | Expired |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|