ForumsFinancing Tips

HI. my name is jerome,what i do is help people get business expansions loans. but we do require a 690 and up credit score, you can call me at 608-669-4434,and we can talk and see if i can help you.

Yes, I do have a business plan, but no I do not have an professional accountant (using quickbooks) or a lawyer quite yet.

eliteprfrmnce: here are some thoughts before you start the loan process.

1. Look for a used dyno, if possible. A shop near my home did high performance work (and had a dyno) but suddenly went out of business [possible red flag??]. Think they auctioned off all the equipment. You may find something more economical if you research.

2. Get some letters of intent from prospective customers. Its not as good as cash in hand, but it will show that you do have prospects lined up to do business with you if you had the dyno.

3. Make sure your business plan is current and active. Lenders are more open to businesses that have a plan for expenses and growth rather than businesses that simply stumble into the need for cash (not saying that you did).

I know that you know this, but it is still worth stating. It takes more than passion to be successful in business. This is why a Business Plan is so important. It isn't just a "nice to have" document or wish list. It is a road map as to how you are going to be successful in your business. Please make sure that your business plan is achievable, addresses all of the growth and expenses you foresee, and that the financial projections are realistic. If you need help with it, it is worth the expense to have someone help you. Kinda like paying an additional mechanic to keep up with the work. You will save money & time in the long run.