I co-own a small used car dealership and am looking for a short term loan to fund my recievables. In our first year and a half we have amassed roughly 300,000 in recievables and over 100,000 in inventory with just over a 100,000 initial investment. We have a small staff (2) and our own service department. We have yet to take a paycheck out of the business because we have a transportation business that is our primary source of income.
Basically we are at a point where we feel that we can experience tremendous growth but are qucikly out growing our cash. Any ideas??
Basically we are at a point where we feel that we can experience tremendous growth but are qucikly out growing our cash. Any ideas??
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