SDB#1

Seeking $8,000 to upgrade kitchen equipment at Fresh Bites Café. Repayment in 10 months with a 8% annual interest rate. Funds will be used to invest in state-of-the-art espresso machines, ovens, and refrigeration units to improve efficiency and quality. Collateral: $12,000 worth of existing café equipment.

CC
$8,000.00 - raised
Expected yield
8% per year
Loan term
10 months

Seeking $8,000 to upgrade kitchen equipment at Fresh Bites Café. Repayment in 10 months with a 8% annual interest rate. Funds will be used to invest in state-of-the-art espresso machines, ovens, and refrigeration units to improve efficiency and quality. Collateral: $12,000 worth of existing café equipment.

Income schedule

DateInstallment nºAmountStatus
05/30/20241/10$864.00
Paid
06/30/20242/10$864.00
Overdue
07/30/20243/10$864.00
Overdue
08/30/20244/10$864.00
Overdue
09/30/20245/10$864.00
Upcoming
10/30/20246/10$864.00
Upcoming
11/30/20247/10$864.00
Upcoming
12/30/20248/10$864.00
Upcoming
01/30/20259/10$864.00
Upcoming
02/28/202510/10$864.00
Upcoming

About borrower

Sweet Delights Bakery

Fresh Bites Café is a cozy neighborhood spot renowned for its artisanal coffee, delectable pastries, and wholesome breakfast and lunch offerings. With a focus on locally sourced ingredients and friendly service, Fresh Bites has become a beloved gathering place for the community. As demand continues to grow, the café aims to expand its operations and enhance its offerings to better serve its loyal customers.

Offers4
Loss0.00%
Raised total$0.00
OfferAmountFinal dateStatus
SDB#0$10,000.0005/06/2025
Delinquent
SDB#2$5,000.0010/07/2024
Delinquent
SDB#3$150,000.0010/07/2025
Delinquent

Credit score

CC

Extremely speculative investments. Extremely high default risk. Very risky and usually in a situation of financial difficulties.