Start up business bridge loan
	Amount: $8,000.00 Grade: B *Lender Rate: 35.00% DTI: 40.00% *Funded: 6% Time Left: Finished Borrower: doctorgrab Group: (No Group) Status: Expired   « Back to Listings
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Listing Description

Purpose of loan: This loan will be used to… My new company Age of Herbs, is growing beyond belief. We formed in January began selling products in February through local business', and we are already 3/4 sold out, our website launches on April 1st 2010, www.ageofherbs.net I need to hire 1 to 2 people, buy machines, and storage equip, I have an application in to the SBA. I can afford inventory due to these strong sales, I'm just afraid that I won't be able to keep up with demand and I won't have anything from the SBA before the site goes live.  This is my second listing, I'm gonna hold off on two machines I wanted to get, there is just one bagging machine I have to get it costs $5800, the rest will be used for shelving and containers, my family has offered to donate there time to help this get completely off the ground. My financial situation: I am a good candidate for this loan because… Along with this new business, I'm currently employed full time for a mom and pop business. have steady income and job security. I own my home no car payments and this new business allows me to keep my current job. Monthly net income: $ this is based off of last year does not include new business 2773.34 Monthly expenses: $   Housing: $ 381.00-this includes taxes and insurance also my fiance pays the other half, total Mortgage payment $762.   Insurance: $38-car   Car expenses: $100   Utilities: $ 220   Phone, cable, internet: $45   Food, entertainment: $150   Clothing, household expenses $150   Credit cards and other loans: $100   Other expenses: $ Total $ Out:$1184