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10 Replies Last post: Nov 5, 2007 10:00 AM by partyteam

What do you do to get a loan when your score is too low

Oct 31, 2007 9:56 AM

partyteam 6 posts since
Oct 11, 2007

I have over $30,000 of inventory setting in my store and can't pay my overhead. I have no money to advertize. People keep telling me that they didn't know that the store was there. What can I do before I am asked to move out?

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Sunkist 14 posts since
Oct 29, 2007

1. Re: What do you do to get a loan when your score is too low Oct 31, 2007 10:08 AM

May I ask what do you sell? And how are you doing it right now?

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LUCKIEST 7,933 posts since
Aug 6, 2007

2. Re: What do you do to get a loan when your score is too low Oct 31, 2007 10:20 AM

How long have you been in business?? What kind of store?? and why do you have SO much inventory??
How about a SALE. If you lower your prices will the inventory SELL??
Tell us more. LUCKIEST

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partyteam 6 posts since
Oct 11, 2007

3. Re: What do you do to get a loan when your score is too low Oct 31, 2007 10:22 AM

in response to: Sunkist

I sell party goods, gifts, toys ice cream and snacks. I am taking credit cards and cash transactions.

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partyteam 6 posts since
Oct 11, 2007

4. Re: What do you do to get a loan when your score is too low Oct 31, 2007 10:25 AM

in response to: LUCKIEST

I have been in busy for 4 months. I have another business for 16 years but it takes care of my personal needs with a little left to invest in this business. I put it all in this store, thinking it would work and now I am about to loose it all.

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Triumh_IG 22 posts since
Nov 1, 2007

5. Re: What do you do to get a loan when your score is too low Nov 1, 2007 10:20 PM

Do you have credit card sales over $2,000 per month? If so, I may be able to assist you with that. Let me know.

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DomainDiva 1,732 posts since
Oct 10, 2007

6. Re: What do you do to get a loan when your score is too low Nov 2, 2007 1:35 PM

Ok now is the time to get going!!! Get a phone directory...either online or a yellow pages and go to the aprty section. Look up anyone who plans parties and start calling them!

Also contact some of the private schools around town and offer some party services! Have doggie bithday parties!!!!

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partyteam 6 posts since
Oct 11, 2007

7. Re: What do you do to get a loan when your score is too low Nov 5, 2007 9:52 AM

in response to: Triumh_IG

No if I were getting credit card sales of $2000.00 a month I would be doing pretty well. Thanks

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partyteam 6 posts since
Oct 11, 2007

8. Re: What do you do to get a loan when your score is too low Nov 5, 2007 9:53 AM

in response to: DomainDiva

Thanks the doggie party is a new one for me. I will try that.

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Ed O'Gee 215 posts since
Oct 25, 2007

9. Re: What do you do to get a loan when your score is too low Nov 5, 2007 9:56 AM

Sounds like you need an infusion of cash for the short term. Why not find another party store in your area and see some of that 30K in inventory to them? Sell it at a reduced price if you have to be get the funds you need to keep the business going. You may have to take a loss on the merchandise but at this point it seems like you need cash more than anything.

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partyteam 6 posts since
Oct 11, 2007

10. Re: What do you do to get a loan when your score is too low Nov 5, 2007 10:00 AM

in response to: Ed O'Gee

Thank you for your response. I have thought of that and it is a good idea. This week i ran a buy one get one free sale and my business increased. Visiting a party store to try and sell some merchandise is my next step.

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What do you do to get a loan when your score is too low

Oct 31, 2007 9:56 AM

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