ForumsShop Talk

Don't take it personal, a lot of people are on "vacation" for Memorial Day Weekend - Holiday. People add one or two or three days to the week to really stretch it out.

Hello, I'm new to this forum and I'm also in need of financing. I am a Vending Machine Operator and I've been in business for one year and two months. I incurred a lot of personal debt (because my business credit is still "young") in setting up my business and now I utilize 3 business credit cards. Each card has a purpose: gas,vending food/supplies,operating expenses. I am also looking for a business loan to consolidate all of my debt into one payment but I'm having a rough time finding the aggressive funding that I require...unless I use my home as collateral (My wife wouldn't like that). Right now, I'm adding one/two new vending machines every quarter to earn more revenue and that equipment will become my collateral in the future.

My thought is this - it's just a theory but I believe that If I purchase property for my business - even if it's a small office with an attached garage - that would shift the focus off of my home and onto business assets and open a few doors that were closed before. I'm in Connecticut where real estate costs and taxes are kind of "wacky" but there are hundreds of properties that have housed businesses in the past and the owners really want to let the property go...maybe at a lower cost...

Perhaps that may be an option...