Hello All,
Looking over this forum I see everyone here is very helpful. I hope you might be able to help me as well.
I recently started a business to design and sell an original line of plush toys. Before establishing this project, I worked as a sourcing and logistics consultant for American companies looking to offshore manufacturing to China.
So far I have sourced manufacturing (working with a terrific factory in Southern China, where I am now), designed packaging, established a firm and competitive price and developed marketing materials to go along with samples I plan to ship to prospective customers I indentified working with a former client of mine in the plush toy field.
Right now my biggest concern is how to finance the first series of shipments once I secure orders. I am planning for an approximate window of three months between the time when I must pay manufacturing and shipping costs and when I could expect payment from customers.
I would very much appreciate any advice you might have on how to navigate my short-term financing needs. I would be looking for a loan between USD20,000 and USD30,000. My particular experience (I am 24-years-old and have no collateral to speak of) leads me to believe this will be a daunting task despite my excellent (FICO over 750) credit score.
I thank you for any time and consideration you expend on my behalf.
