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5 Replies Last post: Mar 30, 2009 11:29 PM by DIRECTMM

Mar 27, 2009 6:37 PM

LukeAugust 1 posts since
Mar 27, 2009

Owners of a successful event management firm needs working capital due to economic downturn. Business Gross is $3-4M annually. There has been a loss in tax years 06-08, but future contract value exceeds current debt. Without balance sheets we are unable to secure a traditional or SBA loan. Does anyone have any advice?

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stabasit 2 posts since
Feb 27, 2009

1. Re: $250K Small Business Loan Advice Needed Jul 23, 2009 9:58 AM

Hi Luke,

In order to a get loan from SBA or individual investor you need to present them facts about your business like historical success and as you mentioned "future contract value" that actually exceeds current debts of your business. Best option is to prepare a business plan that describes your management potential, capacity to grow and edge over competitors.
_______________
Talha
Business Plan Writers

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LUCKIEST 7,935 posts since
Aug 6, 2007

2. Re: $250K Small Business Loan Advice Needed Mar 28, 2009 9:38 AM

Business Loan Advice Needed, Welcome

Without additional info, like who you are, You need a business plan

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mlebovits 42 posts since
Oct 10, 2007

3. Re: $250K Small Business Loan Advice Needed Mar 29, 2009 3:10 PM

Consider accounts receivable financing.

Three consecutive years of losses make it extremely difficult to attract most other types of debt financing.

Marshall Lebovits
www.Funding911.com

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ggoodard 79 posts since
Nov 29, 2008

4. Re: $250K Small Business Loan Advice Needed Mar 30, 2009 8:21 AM

Please view my profile and feel free to contact me.

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DIRECTMM 4 posts since
Mar 29, 2009

5. Re: $250K Small Business Loan Advice Needed Mar 31, 2009 12:46 AM

in response to: wilfin

Hello could you please take a look at my thread and see if you might be able to offer some help.

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ForumsFinancing Tips

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$250K Small Business Loan Advice Needed

Mar 27, 2009 6:37 PM

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