Buy additional inventory for holiday
| Listing Information | |||
|---|---|---|---|
| Amount: | $20,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 24% |
| Lender Rate: | 20% | Borrower: | generosity-transformer |
| Finished | State: | PA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-10-09 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Oct 08, 2008 | Current |
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Purpose of loan: I have been selling photographic product on eBay and my own web site for 4 years and started small but I am now averaging $25,000 a month in sales and I have out striped my means. I need to add additonal product lines and inventory for the holiday selling season and I need financial assistance. I have 25 years of sales, marketing, and retail photographic experience. I have carefull chosen my product mix to date to only item which will turn a better than 30% gross profit. Since I work from my home, my overhead and expenses are very low. I can repay my note with either weekly or monthly disbursements. The new products lines I am looking to add are both popular and profitable. I therefore, believe that the additional revenue will more than cover the additional expenses of loan plus interest. My financial situation: To date, my business has been very profitable. I was able to generate an additional income last year in excess of $20,000. In addition, I have a full time job that pays well and permits me to isolate my business income from my household income and expenses. My credit is good and I pay my bills on time. |
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