ForumsStarting a Business

Hi there,

I would love your help! I'm just about finished with the plan but not sure if it's covers everything that we need. Mission Statement, Industry/Market Analysis, Competition, Demographics of Location, Markerting Strategy, Business Overview, Financial Plan. This is all I've covered so far and this is all new to both of us so getting everything presented the best we can is key. I primarly will be me working this full time since my husband works during the week and long hours. In terms of being leery about getting approved here is a little backgound to that.

Last May we put our home on the market because we decided to purchase our first new home since we were expanding, I was pregnant with twin girls at the time and have a 2.5 year old son. We got an offer then to find out 2 weeks before the close of escrow the party decide to back out. So time went on and the market got worse. The agent we were using at the time priced our home to high which lead to this and other things I won't get into (not the agent we thought he was). Long story short we both have great credit but had to decided to Short Sale our home and default on payments bercause we couldn't afford two mortgages or to rent it out. We've never been late on payments, have no debit except for our Mortgage, cars are paid for, this worries us that we won't get a loan to start our business because of this short sale. We have a great agent now who is working her butt off to sell our other home. I have contacted a local SCORE rep but have not heard back yet.

So that's in a nutshell whats going on, we really want to make this happen!