My wife and I have a small company that we have worked hard to build. We have an eBay following and are now putting the finishing touches on our own web store. We purchase "shelf pulls" from major department stores. The items we purchase are below the original price paid by the department store. We already sell internationally and each month our business grows larger.
We are looking for operating capital. We just made a large purchase of designer womens clothing that has a retail value of over 100k. We need to get a small warehouse and another staff member.
We have a definite growth plan:
1) Build our eBay / web site presence
2) Have a ware house and offer liquadation of about 50% of the products we purchase. (this is a huge growth area as many smaller sellers can't afford to purchase on the scale that we do to resell on eBay.)
3) Offer training on eBay and web site business developement. This will bring us more customers for our liquadation services. (we both have training / public speaking experience)
My wife has a 20 year background in both retail and financial services.
I have 20 years in computers systems, programing and retail business ownership.
My personal FICO score is over 700 but I want to run any financial arrangement via our corporation and not on my personal credit. Currently we own two companies. The one that needs the funds is about 3 months old and already we are Powersellers on eBay. The other company (4 years old) is our investment company and we hold mortgages on about 160 acres of property that brings in a steady positive cash flow. We would prefer to only use the newer company in any financial deal, but it is absolutely needed, we would consider using our mortgages as security.
We would like 50k to 100k minimum. In order of preference here are our choices:
1) A loan to the company with a set term and interest rate.
2) A revolving line of credit to the company
3) Take on a silent partner that would be a shareholder in the company. More capital = more shares. They could have a seat on our board of directors, but we would not want them to be an officer in the company unless they want to join us full time and live in our area.
We have a very strong plan and work ethic, so if we sold shares, the maximum we would be willing to part with is 25% of outstanding shares. We would also want a 5 year buy out option with a set price set beforehand. The shareholder would be entitled to what ever percentage of shares / profit the company makes each year until the buy out option kicks in at the 5 year mark.
If you are interested or have comments or questins, please make first contact here.
Thanks,
NorthStar
We are looking for operating capital. We just made a large purchase of designer womens clothing that has a retail value of over 100k. We need to get a small warehouse and another staff member.
We have a definite growth plan:
1) Build our eBay / web site presence
2) Have a ware house and offer liquadation of about 50% of the products we purchase. (this is a huge growth area as many smaller sellers can't afford to purchase on the scale that we do to resell on eBay.)
3) Offer training on eBay and web site business developement. This will bring us more customers for our liquadation services. (we both have training / public speaking experience)
My wife has a 20 year background in both retail and financial services.
I have 20 years in computers systems, programing and retail business ownership.
My personal FICO score is over 700 but I want to run any financial arrangement via our corporation and not on my personal credit. Currently we own two companies. The one that needs the funds is about 3 months old and already we are Powersellers on eBay. The other company (4 years old) is our investment company and we hold mortgages on about 160 acres of property that brings in a steady positive cash flow. We would prefer to only use the newer company in any financial deal, but it is absolutely needed, we would consider using our mortgages as security.
We would like 50k to 100k minimum. In order of preference here are our choices:
1) A loan to the company with a set term and interest rate.
2) A revolving line of credit to the company
3) Take on a silent partner that would be a shareholder in the company. More capital = more shares. They could have a seat on our board of directors, but we would not want them to be an officer in the company unless they want to join us full time and live in our area.
We have a very strong plan and work ethic, so if we sold shares, the maximum we would be willing to part with is 25% of outstanding shares. We would also want a 5 year buy out option with a set price set beforehand. The shareholder would be entitled to what ever percentage of shares / profit the company makes each year until the buy out option kicks in at the 5 year mark.
If you are interested or have comments or questins, please make first contact here.
Thanks,
NorthStar
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