Buying inventory for upcoming shows
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 0% |
| Lender Rate: | 15% | Borrower: | silver-commander |
| Finished | State: | MN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-30 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Sep 30, 2008 | Current |
|
I started a home business selling children's clothing, gifts and embroidery in January. I had no sewing experience and went out and purchased three sewing machines. A serger, one that does 80 different sewing stitches and an embroidery only machine. The machines cost about $2200 total and then another $500 on rayon embroidery thread. I went to the fabric store and purchased lots of material, silks, cottons, french chenilles. I have put about $9-$10 thousand into my company. I taught myself to sew late at night while my two young children are sleeping. I have created summer clothing and sold most of it. I earn about 80% markup on each item sold. I emborider names on towels and have sold lots of those but my biggest seller has been toddler sized pillow that I make and then embroider a child's name on the end of it. The raw material including pillow cost $6 and I am selling them consistently for $15. I have used up the majority of my savings and rainy day fund. I have a very large show on November 1st where I am aimed at selling in excess of $1500 that day. I am going to premier my "boutique children's overalls" and sell them at $60 each. I have allready sold the three sample pair I have created and made and have people asking for more all the time. I have tried having a garage sale to earn enough money for inventory but I only made $364 at it. I need to purchase new overalls (I wait until JC Penney is selling them buy 1 get 1 for 88cents and then I use a 15% coupon with the sale) I need to purchase embelishing material for my overalls. I am going to be making linen guest towels for holiday presents, I have 20 of them now but would like another 20 I also need to purchase holiday 100% cotton and flannel fabrics for pillowcases (again I get this material when I have a 60% off coupon) I have a strong work ethic and am persistent in selling. If something is not right, I change it and when I sell something I ask that the buyer contact and let me know if something is not right so I can make it better. Thank you for your help! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 391766 | Trying to sell house without a "short sale" | B | $12,000 @ 28% | Sep 02, 2008 | Withdrawn |
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