Six Month Repayment
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 29% |
| Lender Rate: | 18% | Borrower: | access88200 |
| Finished | State: | IL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-03-02 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Mar 01, 2007 | Current |
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I am a thirty year veteran of the foodservice distribution industry and I have an expertise in chain distribution solutions. My travels have acquainted me with over thirty independent distributors across the country who are experiencing a great deal of difficulty in staying competitive in the pursuit of long term care business. The primary reasons they are losing out to the big national providers (Sysco and US Foodservice) is because they lack the common look and feel required to bring a common solution that's competitive. My business plan links these independent distributors together to leverage their purchasing clout as well as providing them with a synchronized solution to long term care chain operators. My recent conversations with six of these distributors indicates to me that they feel it is an idea that is right on the mark. The $10,000 I am seeking will provide my travel and other related expenses over the next thirty days to close the deal with the first fifteen to twenty distributors. The business plan shows a net profit of $192,000 on revenue of $700,000 for the first nine months of operation. The large profit number will be either plowed back into the business for additional staff and/or technology needs or will be channeled back to the distributors. As a shareholder owned co-op these decisions will be reached at the end of the this year. If you would like to see a detailed business plan, please email me at: tstewart@tcstewart.com |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 253338 | Business Development | C | $12,500 @ 18% | Dec 19, 2007 | Expired |
| 359964 | Business Development | D | $7,500 @ 18% | Jul 01, 2008 | Expired |
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