Business Financing

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Listing Information
Amount: $7,000.00 Status: Loan created
Grade: C DTI: 18%
Lender Rate: 14% Borrower: ecmguy
Time Left: Finished State: TX
Funded: 100% Group: Computer & IT Professionals
Loan Information
Loan Status: Paid Origination Date: 2006-11-15 EricsCC ROI: 14%
Status History
Nov 15, 2006 Current
Aug 28, 2008 Payoff in progress
Sep 04, 2008 Paid
  • Managing Director of small company (http://www.ecmconsulting.net) with over 20 years of combined document management and B2B internet-related experience now focused on the implementation of enterprise content management (ECM) solutions.The company's mission is to provide superior consulting services for mid to large size companies seeking to plan or implement an electronic content or Electronic Document Management System (EDMS).
  • On a more personal level, in 2001, I had to take financial steps that I wanted to avoid at all cost. As a result of job layoff and accompanying tech bust, I filed for bankruptcy. Although things have turned around, that blemish will be on my public record for a few more years and is the reason my credit score is not where it would otherwise be.
  • My plan is to bring in an experienced business partner who has the ability to raise capital and thus help grow the company. The first 5 months of operation have been fantastic, but the last quarter has been slow. Until I am able to bring in a partner, this loan request will help sustain operations. I am also looking to work for a previous employer until my business plan is ready to take off.
Borrower's Other Listings
55394 Business Financing C $7,000 @ 15% Oct 31, 2006 Withdrawn
251539 Hardware Purchase HR $5,000 @ 17% Dec 16, 2007 Withdrawn
252839 Hardware Purchase HR $3,000 @ 17% Dec 18, 2007 Withdrawn

 

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