Home: Message List - Funding for Expansion to a Fixed Location Garage

Re: Funding for Expansion to a Fixed Location Garage

phanio — Wed, 27 May 2009 15:33:24 GMT

We might be able to help you:

We list information and resources regardign small business funding.

You might want to think about several different loans in combination. If you want equipment - try an equipment lender (that is all they do and are good at it) For working capital there are a few solutions for you that are fast and easy especailly since you are only requiring a small amount.

Business Money Today
www.BusinessMoneyToday.com

Re: Funding for Expansion to a Fixed Location Garage

LUCKIEST — Tue, 26 May 2009 17:50:59 GMT

Funding for Expansion, Interesting post

Check with Barry at "amspcs". He can explain and help

Re: Funding for Expansion to a Fixed Location Garage

linn.35 — Tue, 26 May 2009 17:30:31 GMT

Shinemyride,

This is Jonathan at IUG, give me a call when you get a chance. I'll see if I can't point you in the right direction.

Re: Funding for Expansion to a Fixed Location Garage

Cash_in_Hand — Tue, 26 May 2009 17:05:37 GMT

Shinemyride,

Well thats not true what they said if they funded you 100% of your monthly volume on the cc processing then it would be 20% of your daily batch out or every time you batch out. i would love to discuss further with you..

Brian Faulkner

469-402-1125

bfaulkner@motherfund.com

www.motherfund.com

Funding for Expansion to a Fixed Location Garage

shinemyride — Tue, 26 May 2009 15:14:49 GMT

Hello I own and operate a mobile auto detailing business. We have 2 vans and we are currently appointment only.

We are currently a mobile detailing shop on wheels. Our unique
mobile units have water, electricity and all supplies needed to detail a
vehicle. We offer a full range of detailing service starting with a basic hand
wash of a car to a full detail including engine shampooing and paint sealant
application. We are experiencing significant growth in our second year and we
are on pace to double our revenues. Part of the reason for our growth is our
corporate partnerships with Lockheed Martin, WTOP, Bowa Builders and Comcast.
We are in the process of closing deals with Choice Hotels and bidding on a
contract with FEDEX to wash their fleet.

Part of our strategic plan is to
move into a fixed location garage while also offering the mobile detailing
units. Once we get a fixed location garage we will expand our service offerings
to include:

ØAudio and alarm
installation

Ø
</fontWindow tinting
service

Ø
</fontWheel and rim
repair

Ø
</fontWheel and tire
sales

Ø
</fontPaintless dent
repair

All of these services interconnect
and we will use auto detailing as the core service offering. We have located a
garage and we are in the process of negotiating lease terms. This has made me
seek funding to get this garage project off the ground. Empire is currently
seeking to raise $50,000 to help jump start this expansion.

The funds will be allocated to the
following:

Ø
</font$30,000 for equipment, chemicals
and supplies

Ø
</font$10,000 for office furniture,
software and supplies

Ø
</font$10,000 for ancillary items and
petty cash

I've tried IUG but they can't really help me because they are more of a long time solution. I've talked to a sales guy from Bancardassociates.biz and they say they can use my merchant account to get me the $50k. They would take $0.20 per transaction to pay the money back. I'm still not clear how this works or how they make money on this because you know they do. Any advice would be helpful.