Listing Profile Bid History Loan History
lendingclub ad

Listing Title


Loan Information
Loan Status: Current Origination Date: 2006-12-13 Payments Made: 24 of 36 Total Payments: $21721.15 / $25000.00

Listing Summary

  

Borrower Info
Requested Amount: $25000.00
Lender Rate: 18.00%
Automatic Funding: Yes
Percent Funded: 100%
Monthly Payment: $903.81
 
Borrower: cadichick
Location: WA
Group: ldslending
Group Fee: 0.00%

Credit Profile
Credit Grade: B Homeowner: No Account Verified: Yes Debt To Income: 23%

Extended Credit Data
Extended Credit Data is viewable by registered users only. Please login or register now.

Listing Description
Knuckleheads Story
Fashion savy, Melissa, owner of Knuckleheads, knew how she wanted to dress her new baby son, but soon found that she could not find cool clothing for boys. After a lot of encouragement from her husband and drawing inspiration from his motorcycle shop, vintage fashion magazines, and the surf & skate industry, the first Knuckleheads line was born with unique styles catering to boys sizes 3m-8yrs old. They soon found that that Knuckleheads was more than a hit, it was hot!

Knuckleheads Inc, designs and manufacturers all boys clothing sizes 3m-8yrs with a retro/skater/urban look.Knuckleheads attends 4-5 of the largest tradeshows each year. These tradeshows draw thousands of eager boutique and department store buyers each season. Knuckleheads has caught the attention of large dept stores like Nordstroms, Macy's, Fred Segal, Hot Topic and Barnys of NY. These are accounts that KH will pursue over the next year.

Knuckleheads also attends the largest surf and skate expos in the country. The surf/skate industry is a 8 billion dollar a year industry, and Knuckleheads wants to be a part of this fast growing industry.Knuckleheads also has 5 sales reps covering all areas of the country selling Knuckleheads fashions each season.

Knuckleheads has only been around for 1.5 years and within this time, has gained over 200 accounts including online stores and many international stores, in countries like Sweden, Bruni, Korea, Japan and Norway. Over one year after the first sample was produced, Knuckleheads has proven that they have found a niche in the boys market. 

In addition to being featured in many print magazines, including Cookie, Boutique, Child, E-Pregnancy, Junior, Hudsons, American Baby, Ritz Carlton and Earnshaws, this unique line has also been a favorite of celebrities like, Britney Spears, Gweneth Paltrow, Cristy Turlington, and Reese Witherspoon.

Background:
Melissa graduated from Utah State University with a minor in Art and degree in PR, this is the perfect business for Melissa to combine business with creativity. Melissa focus's on public relations and has created a very clever and strategic adversting campaign, taking advantage of free press and using her natural business knowledge to expand.

Forcast and growth:
The reason for loan is to gain the needed capital to pay for manufacturing and future growth. Knuckleheads takes in pre-orders for each season before inventory arrives in their 3000 sq ft warehouse. Knuckleheads needs capital to pay for manufacturing for each season. KH has paid for all manufacturing to this point with no loans or borrowed funds.
 
With pre-orders each season, KH has already reached its sales goals for spring 2007.  With the additon of a planned girls line and a mens line, this company will be a reaching its sales goals of over 1 million in sales by 2008. 

For updated business plan and financial budget please inquire.

Contact 
Knuckleheads is available by contacting the corporate office at [PHONE DELETED] or [EMAIL DELETED]