ForumsFinancing Tips

We are currently a mobile detailing shop on wheels. Our unique
mobile units have water, electricity and all supplies needed to detail a
vehicle. We offer a full range of detailing service starting with a basic hand
wash of a car to a full detail including engine shampooing and paint sealant
application. We are experiencing significant growth in our second year and we
are on pace to double our revenues. Part of the reason for our growth is our
corporate partnerships with Lockheed Martin, WTOP, Bowa Builders and Comcast.
We are in the process of closing deals with Choice Hotels and bidding on a
contract with FEDEX to wash their fleet.

Part of our strategic plan is to
move into a fixed location garage while also offering the mobile detailing
units. Once we get a fixed location garage we will expand our service offerings
to include:

ØAudio and alarm
installation

Ø
</font</font>Window tinting
service

Ø
</font</font>Wheel and rim
repair

Ø
</font</font>Wheel and tire
sales

Ø
</font</font>Paintless dent
repair

All of these services interconnect
and we will use auto detailing as the core service offering. We have located a
garage and we are in the process of negotiating lease terms. This has made me
seek funding to get this garage project off the ground. Empire is currently
seeking to raise $50,000 to help jump start this expansion.

The funds will be allocated to the
following:

Ø
</font</font>$30,000 for equipment, chemicals
and supplies

Ø
</font</font>$10,000 for office furniture,
software and supplies

Ø
</font</font>$10,000 for ancillary items and
petty cash

I've tried IUG but they can't really help me because they are more of a long time solution. I've talked to a sales guy from Bancardassociates.biz and they say they can use my merchant account to get me the $50k. They would take $0.20 per transaction to pay the money back. I'm still not clear how this works or how they make money on this because you know they do. Any advice would be helpful.