2.
Re: Need Business Loan Aug 8, 2008 11:34 AM

in response to:
LUCKIEST
Hello! I did not realize that i did not put a lot of information on my members page. Our company is located in Baltimore, MD and we currently do not have an accountant yet. We have contacted one already though. Currently, we are still using quickbooks. There are only two of us in the company and we have not paid ourselves yet. But yes, only two in future payroll. But right now, we want the business to grow and we do not want to suck the money out of our business. We do not have a business plan as of now. We are busy with 5 contracts that we have right now. After this, I will probably have to pay somebody to do the business plan. I would like to talk to you sir whenever possible. I have previously had a couple of sessions with SCORE advisers and that was when we still were in the starting phase- not in operation yet. That was last year. The company is a woman owned and minority company. I tried to look for angel investors as well. And I went to banks too. Due to the credit crunch and everything else, they do not want to lend money based on your business cash flow. They are back to the basics - need collateral etc. Please let me know if you have any advise. Thanks
Princess