Equipment & W/C for Business
| Listing Information |
| Amount: | $20,000.00 |
Status: | Loan created |
| Grade: | AA |
DTI: | 11% |
| Lender Rate: | 6% |
Borrower: |
tremendous-silver990
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| Time Left: | Finished |
State: | NE |
| Funded: | 100% |
Group: |
(No Group) |
| Loan Information |
| Loan Status:
| Current |
Origination Date:
| 2012-03-06 |
EricsCC ROI:
| 5% |
| Status History |
| Mar 04, 2012 |
Current |
I own Koko FitClub in Omaha, NE. Revenue has grown each month for the past 18mo's. Monthly revenue covers all operating and fixed costs except advertising & marketing. I will use $12,000 to purchase 2 pieces of equipment and $8,000 on an advertising and marketing campaign. I am projecting Net Income after debt service of $750/mo after campaign.
I am a Relationship Manager Associate / Credit Analyst AVP in the Agribusiness department at Bank of the West. My salary is $75,000/yr plus 15% commission opportunity. I started this position in December 2011 after trying to live off of the club for about a year. I can now cover family living expenses out of my salary. We also earn approximately $6,000/yr selling cars on the side from my father-in-law's car dealership. I am good for this loan because our business revenue is growing month after month and I have great benefits and a strong salary to cover family living expenses. |
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