Entrepreneur Seeking Venture Caps
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|Loan Status:||Paid||Origination Date:||2009-12-18||EricsCC ROI:||11%|
|Dec 17, 2009||Current|
|Jan 09, 2013||Paid|
Purpose of loan:
This loan will be used as start up capital for a small residential care facility. The Golden Girls Retirement Manor will provide upscale accommodations for vibrant, active senior ladies that no longer wish to live alone or need occassional assistance with day to day activities. There will be a live-in nurse to give assistance when needed, monitor medications, cook all meals, provide housekeeping, laundry, meals and transportation. I already have the nurse ready to begin working. I have one resident waiting for completion of the facility. I put a lease offer on a property 2 days ago. I had 200 brocures and flyers printed and ordered an ad to be placed in the next publishing of the local phonebook. I have researched all permits, licenses and zoning. There is only one competing facility in town, and it has no vacancies.
My financial situation:
I am a good candidate for this loan because… I am an accomplished small businessman who understands what it takes to successfully research, start and run a business. My income to debt ratio is manageable. My mortgage is much lower then most banks think I qualify for. I do not have any vehicle debt. I own several successful rental properties. I always pay my debtors because I may need capital again in the future, and a great deal must be beneficial and profitable for everyone.