Purpose of loan:
This loan will be used to purchase an automated DVD rental business to provide cash flow to supplement our successful real estate investing business which we have owned and operated for ten years. We have been approved as distributors for this business in the San Francisco Bay Area and have plans to expand the business over the next three to five years to at least 50 kiosks. The company that we are working with is well established and profitable; it provides training and support to us as well as software to help us project costs and profit margins. Based on their experience, we estimate our monthly cash flow (net income) to be $4,000 per kiosk.

I have been Executive Director for 12 years of a 30 year old non-profit organization providing training and support to grassroots community leaders around the United States and in Central America. I am the recipient of a national award for my work and am well respected in my field.My goal is to develop a reliable source of cash flow to support the community work I believe in. I also plan to train others how to use this vehicle to support their purpose in life.

My financial situation:
I am a good candidate for this loan because I have both excellent character and solid finances. The loan will help serve many people, as well as my family. I have the capacity through my real estate investments to back up the loan payments until the kiosk is operating at a profit. I have good credit...no delinquencies at all. My median FICO is 657, and would be higher except that it is reduced every time I purchase a new property because of how FICO is scored. So, as I become more and more successful ( currently own 14 rental units in two states) my score is dinged! Also, my debt to income ratio includes funds I borrow to rehab properties for our real estate business. Personal debt is probably only $35,000.

My partner and I teach financial skills in our community work, and practice what we preach. We are definitely excellent candidates for your loan.