Thanks Luckiest,
I am working on selling my products to the south west united states
region and right now I'm specifically targeting certain areas to get things in
motion. These are pre-fabricated products I am manufacturing, delivering, and
installing with the price tags of $2500 to $38000 with the possibility to go
beyond.
Right now I have a few clients who have asked me to get them financing in order
for them to complete the purchases which totals almost $60,000 in possible
sales if I could find them financing. I am not nearly stable enough yet to
possibly finance them my self being that this is a fresh venture I'm pushing
forward.
If I can find a way to finance my clients, that will open a whole new market
for me. I was looking into accounts receivable funding but from my
understanding the product has to already be built and delivered to the customer
and the problem with that is I need the initial funding to pay for the
materials to build the products right now.
I guess a good example of what I am looking for would be GE Bank for instance
financing JCPenney customers via signature credit cards to be able to buy their
products. But I wouldn’t want credit cards, just the loan. Are there any banks
or companies open to working with small businesses in a situation like this?
Thank you all for all the responses so far, it's very much appreciated
-miles
