Business Expansion Funding
| Listing Information | |||
|---|---|---|---|
| Amount: | $18,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 22% |
| Lender Rate: | 19% | Borrower: | jm135 |
| Finished | State: | UT | |
| Funded: | 100% | Group: | Bay Area Techies |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2006-10-31 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Nov 06, 2006 | Current |
| Apr 14, 2007 | Payoff in progress |
| Apr 19, 2007 | Paid |
|
Greetings, I am the CEO of a web-based software company that helps employers track their job applications. We have been in business for over a year now and are experiencing amazing growth. Our client growth rate is over 15% per month. We have a growing reseller channel that manages the sales and servicing of our client base. Things are looking great for us in the next year. Our goal right now is to prepare our software and infrastructure to keep up with increasing demand for our product. Accordingly we are seeking funding of $15,000 to use as working captial to fund our software scalability plan as well as to help increase our reseller channel marketing efforts. Up to this point our business is completely debt free. This loan will be easily paid with existing monthly profits. Personal: on a personal note, the credit data above is not completely accurate. I do NOT have any payments that are currently delinquent! I haven?t had a delinquent payment for almost 2 years! Thank you for your support! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 51178 | Business Expansion | C | $15,000 @ 19% | Oct 20, 2006 | Withdrawn |
| 128343 | Consolidate Debts and Pay off Tax Bill | D | $24,000 @ 29% | Apr 24, 2007 | Expired |
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