This is a business loan for around $25,000 dollars in San Bernardino, California. These business owners need capital to build on their successful business model in the beauty supply market. Their current credit rating is really good, so their loan was approved quickly. It’s allot different when a business is established, as far as getting approved goes, and it’s really different when the business owners are smart enough to protect their credit rating(s).

For most companies, a squeakly clean credit rating is critical for their survival, and this lending and borrowing example demonstrates these facts well.

Type of Loan —-> Business Loan

Why do you need a loan? —-> Because I want to expand my business by manufacturing some of the products that we carry that we are actually manufacturing now, though we can’t fully manufacture such products because we are lacking in our capitalization as we have to buy machines, equipments, materials on cash basis as well as to pay for the laborers to be employed.

If for Business, tell us a little about your business —-> Our business is registered with the DTI, under the name of Martha’s Beauty Supply and Vaciador, for 27 years, our Business is engaged in retailing and wholesale of various kinds of beauty products and parlor products, and we cater mostly to the parlors or salons, and personal consumers as well.

We started our business in 1987 from a meager amount and with patience and perseverance we were able to raise our family of 3 children and able to send them to school, but because of the economic situations now and the crop up of so many competitors, we are planning to expand the business, but the hindrance is the lack of funds as we are also taking care of our suppliers accounts on scheduled due dates not to be affected, there are times that we get money from private persons with high interest rates, which I would like to avoid now too, by finding better money lenders with lower interest and easier paying schemes.

With your help I am confident to realize my dream of expanding our business by manufacturing some of our products too, which I know would be of big help not only for us but also to the manpower that we will be able to employ.

How Much Do You Want To Borrow? —-> Between $20K – $25K

Length of Employment —-> Over 5 Years

Time at Address —-> Over 5 Years

Age —-> Over 40

Anything else that would help us get your loan approved —-> That by granting my loan, you will be able to unburden us and eradicate the private money lenders that easily caters us with their lending, and by doing so, we will be enjoying a better profit and become more competitive, meaning we will be more viable, stable and will be much able to explore new ideas and plans to be better not only as businessmen but as employer as well, as we can also make our employees get better and higher compensation as we make good profit and to our suppliers and creditors as well.

Sex —-> Female

Marital Status —-> Married

Ever Claimed Bankruptcy? —-> No – never

What State and City is your primary home address in? —-> CA

Would you consider your credit rating to be? —-> Excellent

Collateral? —-> No

Down Payment? —-> No

Do you a have co-signer or co-borrower? —-> No

Employment Industry —-> Martha’s Beauty Supply Company and Vaciador, Single Proprietor, 27 years of existence, with 3 branches, operating and catering to parlor and different salons on a retail and wholesale basis, also to personal or consumers who are beauty conscious which involves almost all genders and all ages from elementary grades and even to senior citizens.