Small Business loan to supplement existing capital
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 22% |
| Lender Rate: | 21% | Borrower: | gold-champion |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-30 | EricsCC ROI: | 20% |
| Status History | |
|---|---|
| Sep 29, 2008 | Current |
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Purpose of loan: This loan will be used to supplement existing capital for a Fitness Center expansion. I am a partner in a Gym that is looking to expand. The expansion consists of a relocation to a bigger facility, and the purchase of eight more pieces of gym equipment. My financial situation: I am a good candidate for this loan because I make more than enough money to cover the payments on this loan from the surplus of what I take home. Monthly net income: $4977 Monthly expenses: $ Housing: $0 (Husband owns our home) Insurance: $191 Car expenses: $342 Utilities: $150 +/- Phone, cable, internet: $160-200 Food, entertainment: $240-350 Clothing, household expenses $300 Credit cards and other loans: $600 Other expenses: $1000 to savings, $150 fuel My revolving credit balance is currently $1,800 +/- My bankcard utilization: 26% I am uncertain as to why it has been reflected at such a high rate. If need be I can provide supporting documentation proving the lower debt amount. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 395046 | Small Business loan to supplement existing capital | C | $7,500 @ 35% | Sep 09, 2008 | Expired |
| 400672 | Small Business loan to supplement existing capital | C | $7,500 @ 35% | Sep 19, 2008 | Withdrawn |
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