Buying a franchise
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 20% |
| Lender Rate: | 26% | Borrower: | christmaslightpro |
| Finished | State: | CA | |
| Funded: | 100% | Group: | The Christmas Light Pros Business Opportunity |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-10-07 | EricsCC ROI: | 25% |
| Status History | |
|---|---|
| Oct 07, 2008 | Current |
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Purpose of loan: This loan will be used to purchase a fanchise call The Christmas Light Pros. It is a seasonal business that has had proven success, and i also have a great team that is backing me up in the fanchise. The fanchise pays for the first year of advertising, T-shirts, business cards, magnets for the side of trucks, training, and installation. If you are interested in checking out the Website go to www.thechristmaslightpros.com and look up the zip code 95070. My financial situation: I am a good candidate for this loan because I want to become a business owner. I know that it takes a person that is resposible with there finances, and have excellent credit to beable to get loans from financial institutions. The owners of The Christmas light pros had a 100% track record in getting the business up and running and being successful in the first year of business. I will be working part time at Wells Fargo, while working the business so that i will be able to make all my payments of my bills so i wont get behind if i dont make as much as i planned to during my first year in the business. Monthly net income: $ 2,350.00 Monthly expenses: $ Housing: $ 500.00 Insurance: $ 136.00 Car expenses: $ 211.00 Utilities: $ 50.00 Phone, cable, internet: $ 140.00 Food, entertainment: $400.00 Clothing, household expenses $ None Credit cards and other loans: $ 25.00 Other expenses: $ None |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 388920 | Buying a franchise | C | $15,000 @ 35% | Sep 02, 2008 | Withdrawn |
| 395187 | Buying a franchise | C | $15,000 @ 25% | Sep 09, 2008 | Expired |
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