ForumsFinancing Tips

The situation you are in is very similar to a lot of clients we see here at Initial Underwriting Group. Unfortunately it doesn't sound like you have any options. In the future you may consider building business credit so that you can establish a business credit profile for your business.

Good luck

Sincerely,

Ilya Bodner
Small Business Owner
Initial Underwriting Group
www.initialunderwriting.org

Try hard money lenders.

yes we have tried score, sba, business development centers, just about everyone in the phone book, problem is, we use our paychecks to run the business, have for 8 years now,we do not qualify for a line of credit, even when i walk into my 2 banks, with a 65,000 contract, we lost 94,000 last year, due to no financial help, we do not show a profit for our business due to all capital we make goes back into the business to keep it going, so we have a continous balance of o,we dont qualify for anything, our personal jobs make us over qualified on one end and our business does not show a profit, so our banks turn us down, when we seek help, and they know our business inside and out, we see a lot of advertisement for small business help, but really it is all talk, unless you come to the table, with, major capital, and then everyone is your friend and want to help, if you dont know anyone or have a good backer, you are dead in the water, we have a very good chance, to sell our products on tv, and we still can not get financing, and all the advice in the world, will not help, talking is over for us, it is time for action and that is where we are stuck, thanks for your advice and time

thanks for the tip, however did you know, citigroup owns 99 percent of all credit cards, and they charge 18 to 30 percent, even with good credit, so now everyone can get a bailout loan just go thriu citibank, citicorp, citi group, and how ever many more, they own now, the same with wells fargo and chase, they have become extremely wealthy here lately, i do not want to disrespect anyone here, this is a good site, it took us 5 years to be credit card free, and the idea to get a credit card to get a loan below 10,000, is ridicoulus, the banks or i should say, citigroup would love that plan, we did call, and we qualified for a card, with a 28 percent interest, compounded daily, weekly and monthly, with all the other fee's, we would have to pay back, this is a bad move, and we turned it down, the truth that no one on this site is saying, is,to get financial help, you have to be in debt, if you are not in debt and have a good credit score, you are dead in the water, and we got schooled in a hurry, again, thanks for the tip and advice, and we mean no disrespect, we are done with all this, we are closing our business in a few months, once again thanks for the tips and advice,

Do you work with other business....invoicing on terms or are your customers mainly consumers?

Have you had any luck so far? i would like to help out we are local right here in Rockwall, TX

Brain Faulkner

469-402-1125

www.motherfund.com

bfaulkner@motherfund.com