ForumsFinancing Tips

How much money are you looking for? Smaller loans are avaiable without collateral (up to $25K) and larger loans with collateral (business assets and/or real estate).

I would be interested in heaing more about your business aspiration, collateral available, guarantors etc. these are are important for a lender to be abel to make exceptions. There are many companies out there that do start-ups, b, and c credit etc.

The first thing I want to say "thanks" to those who have replied to my posting. All of the information you have posted is great. So let me start answering your questions:

1. I have looked in to the Patriot Express loans and I keep hearing is that since I haven't been in business at least two years I can't be considered for a loan. Am I missing something?
2. After looking carefully at all of the factors we have come to the conclusion the company needs $100,000 to $150,000. This will assist us in establishing an office and hiring the right people.
3. I have called the local SCORE office and I was given the name of one bank that may be able to help. I then asked if there were any other banks I could call and I was told that I would receive the information at the appointment I had made.
4. I would like to explain more about the company and give an overall financial picture with more details but I can't type as fast as I can talk and I'm sure there would be something lost in translation. If you would like to talk about it more email me at mailto:mhofford@tiledepotinc.com and we will make arraignments to meet.
5. We do accept credit cards but those types of transactions a few a far between with the majority of our contracts starting at about $40,000 and running as high as $500,000.

Again, I would like to thank everyone for the suggestions... keep them coming. There must be an idea out there I haven't explored yet.

TileMike

The Patriot Express AND Community Express programs are intended for start-ups because many other lending organizations will not fund them.

Call your local SCORE office!

To find it, go to www.score.org and put your zip code into the box on the upper-left.

Have you thought of using an Angel investor? These are generally private investors who loan to small business. Try this site http://www.gatheringofangels.com these folks offer loans up to $500,000.

Good luck!