Please sign in to post in this forum.

ForumsFinancing Tips

Up to All Forums

This Question is Answered

2 "helpful" answers available (4 pts)
Post a new topic
11 Replies Last post: Jun 2, 2009 4:19 PM by RanksIntl

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

Oct 31, 2007 9:56 AM

Click to view partyteam's profile Start-up 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?
Tags: Report as inappropriate
Click to view Sunkist's profile Professional 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
in response to: partyteam
May I ask what do you sell? And how are you doing it right now?
Report as inappropriate
Click to view LUCKIEST's profile SCORE 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
in response to: partyteam
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
Report as inappropriate
Click to view partyteam's profile Start-up 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.
Report as inappropriate
Click to view partyteam's profile Start-up 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.
Report as inappropriate
Click to view Triumh_IG's profile Professional 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
in response to: partyteam
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.
Report as inappropriate
Click to view DomainDiva's profile Mogul DomainDiva 1,731 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
in response to: partyteam
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!!!!
Report as inappropriate
Click to view partyteam's profile Start-up 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
Report as inappropriate
Click to view partyteam's profile Start-up 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.
Report as inappropriate
Click to view Ed O'Gee's profile Mogul 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
in response to: partyteam
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.
Report as inappropriate
Click to view partyteam's profile Start-up 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.
Report as inappropriate

More Like This

Legend

  • Open Question
  • Answered Question
  • New content since your last visit
  • Updated content since your last visit
  • Content you have read