Expanding my business
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,500.00 | Status: | Loan created |
| Grade: | HR | DTI: | 18% |
| Lender Rate: | 21% | Borrower: | georgiahardwood |
| Finished | State: | GA | |
| Funded: | 100% | Group: | Business Owners Cooperative |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2006-05-01 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Jul 12, 2006 | Current |
|
Hello, The resason for my loan is to buy a piece of machinery to expand my business, I do not have perfect credit but my recent (past 2 years ) is perfect, including obtaining Credit from Ford Motor Credit 10 months ago. My business has been in existance for a little over 3 years, (Georgia Hardwood Partners ) each year it has expanded by at least 50%. The nature of my business in Hardwood Floor Installation, and Refinishing. The machine that I would like to purchase is a state of the art Sanding machine, it costs around $6600.00. I am looking for around $3500.00 to add to what I already have. My business is Lic. and Insured, and I would be happy to prove that. I Have been Banking with Regions Bank for about 3 years, my deposits over the last 12 months average about $25,000 per month. Banking referances will be given at your request. Please call or e-mail any questions. Thank You, Georgia Hardwood Partners www.GeorgiaHardwood.com A mention about my credit, the new credit scoring system rates me HR, with 5 delinquent accounts, those accounts are very old medical bills from an unfortunate accident, and I am paying them off, I have 0 tax liens or judgments, and 16 Accounts that are current Including a New truck purchased from a Ford dealership, Financed through Ford Motor Credit. My credit will be in the 600's soon, I was able to get ford to finance me which is not an easy feat. I have a few credit cards with low limits that are perfect, And I also own my own home. Having a sucessfull business that I am growing carefully but steady has improved my life and insures that I will be able to pay back this loan. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 3440 | Business expantion | HR | $3,002 @ 12% | Mar 25, 2006 | Withdrawn |
| 3484 | Business Expantion | HR | $4,000 @ 35% | Mar 25, 2006 | Withdrawn |
| 3489 | Business Expantion | HR | $3,002 @ 35% | Mar 25, 2006 | Expired |
| 4632 | Help Expand my Business | HR | $3,001 @ 24% | Apr 01, 2006 | Withdrawn |
| 4695 | Expand Profitable Business | HR | $3,001 @ 21% | Apr 02, 2006 | Expired |
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