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I am in Dallas,Tx.I have a business plan.I am looking for a loan of $15000.Once tax season starts I can make that in a week.I am looking to pay it off in 6 months (FROM NOW) I can provide bank statements.

Hi all,

I am interested in the same information as stated above.

Looking for a small loan to help build the business (immediately) before our busy season. The loan will be used for 2 more sales reps, and a larger office to house everyone. The amount needed would be $20,000. This would be paid back by Feb of 09 if not sooner. I already have a very sturdy client base and continue to add more daily. I have never borrowed capital before only used hard work. I started this company with 150.00$ to my name in 05 the first year I turned over 150,000.00 gross. We continue to grow at a rapid pace. I am in need of a little extra edge to make sure I am paying attention to the right things, and not worried about a few extra bucks at the end of the day for normal operation.

Again this is my first attempt so any and all information is welcomed.

Thanks in advance,

Sbfisher

Hi Gemoire - Have you approached a lender about this yet?

You mentioned your gross, but the more important figure is your cash flow. Being in business for 5 years is a plus if you can demonstrate consistent growth a profitability. Generally speaking, i think your business is one that a bank would feel comfortable lending to. The only risk I see is the seasonality, but if you have managed to exist for 5 years without a working capital line, it sounds as if you are doing a good job managing.

If you would like some info about whether you'll qualify for a working capital line, please share a bit about your business:

• What do your cash flows look like over the past 2 years?
• How much income did you pull from the business?
• What personal and business debt obligations do you have?
• What is the state of your personal credit?

If you don't want to post that such specific in the forum, I'd be happy to review it and give you my opinion. My contact info is in my profile.