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B494297a 08d9 4a34 9d01 ed733c45132b

@3DJMQX86N4

Borrower rating at loan publication

location_on WA, United States

warning Borrowed $8,499 | 78% paid on time

public www.kbeautyhive.com

account_balance_wallet 84,000 USD (last 12 months turnover)

work Business owner/sole trader

business Works in wholesale and retail trade

Other loan

ID: 3H0VJN8G2Z

Hello, my name is Bradley K., co-founder of LaKlara, Inc (kbeautyhive.com) We are a legal provider of trendy and authentic Korean beauty products nationwide USA through Amazon.com and our own site kbeautyhive.com. We had $150,000 of sales revenue in 2015 and are targeting $370,000 for 2016. As our monthly sales revenue peaked as high as $40,000 a few months ago, we will fulfill the sales goal this year. Due to rapidly skyrocketing Korean beauty product demands in US market, we need to lease a bigger warehouse for storage. We need a deposit of $6,000 for a new storage and need $4,000 for its storage supplies. That is mainly why we need a loan at this moment. Based on such a fast inventory turnover of less than 45 days, we can repay the loan within 60 days but we will make a 12 month repayment plan for enlarging sales volume.
We decided to cut total $10,000 fund we actually needed in half this time and will repeat it after the first half of fundraising is done.

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Communication log between Bitbond and the borrower

local_shipping
December 4, 2016

Overdue payment reminder

call
December 3, 2016

Overdue payment reminder

email
December 2, 2016

Overdue payment reminder

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Payments

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