Business Loan for New Online Start-Up
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 27% |
| Lender Rate: | 11% | Borrower: | LMPjr007 |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2006-12-29 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Dec 29, 2006 | Current |
| Oct 22, 2008 | Payoff in progress |
| Oct 25, 2008 | Paid |
|
Purpose for Money Requested: To start a new online web business, Bite Me Fan Boy.com. Bite Me Fan Boy.com is a free online comic book database and price guide. The interest in comic books and comic book related materials has grown exponentially over the last five years with the attention from Hollywood in the appearance of blockbuster movies including Spider-Man and Batman Returns, to hit television shows like NBC?s Heroes and the CW?s Smallville. Unlike many ?here today and gone tomorrow ?fads, comic book and comic book collecting is part of the American fabric of popular culture; no different from Star Wars, Wizard of Oz or even Rocky. What child can?t remember sitting down and open a comic book as a child and enjoying the adventures of Superman, Spider-Man, Batman or the Hulk. Comic books are Americana at its purist. Bite Me Fan Boy.com is built on the same business concept that has made Google.com, Wikipedia.com, MySpace.com and Yahoo.com powerhouses; social interaction between people and the ability to let people to add their knowledge, ideas and actions to the website. Any person at anytime can go to the website and find the most up-to-date comic book pricing and detailed information on any comic book in existence. This most basic feature of Bite Me Fan Boy.com is free to anyone who comes to the website. But those who are interested in interacting more with the website can join as a member and add their personal knowledge to the website?s database, at no cost except giving some personal information when joining. More avid fans can join as paid members giving them even more influence in the direction of Bite Me Fan Boy.com and its database. Using the same revenue generating business plan as Google.com, Bite Me Fan Boy.com will generate income with external advertising for such logical strategic allies including Marvel Comic, DC Comic, Warner Bros., Cartoon Network, Hasbro Toys, EA Sports and various other children and young adult focused entertainment companies. The true strength of what Bite Me Fan Boy.com bring to this alliance with these companies is it membership database of people who fit the perfect parameter of what many of the advertisers would like to reach and sell their product to. With Bite Me Fan Boy.com being free for any casual user, the amount of web traffic the website will draw should grow at a similar rate to such websites as MySpace.com, YouTube.com or FaceBook.com. Louis [LAST NAME DELETED] Jr., who created the idea and concept of Bite Me Fan Boy.com, has been involved in the comic book, video game and role playing industry for over 25 years as a consumer, retailer and manufacture. He also for nearly 15 years has worked for such well known retail corporation including Federated Department Stores, Ethan Allen and Macys in art director, web designer and web master positions. His natural connection of both a creative minded entrepreneur and corporate business training and structure make is the best candidate to build, implement and foresee future development of Bite Me Fan Boy.com. Initially, Bite Me Fan Boy.com is looking to raise an additional $22,500 in seed capital, in addition to the $10,000 that is currently available for this project. Based on an estimated advertising revenue stream of $30,000 a month from the website for the first year in business, we see that we can easily pay back this loan in a very reasonable time limit. The strength of this type of website and business structure has already been proven successful and creditable. Thank you for your time. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 72795 | New Business Venture Seed Money | A | $22,500 @ 17% | Dec 10, 2006 | Expired |
| 366253 | Business Loan for New Online Start-Up | A | $7,000 @ 11% | Jul 12, 2008 | Loan created |
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