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first of all, ask your suppliers for terms. if you are an established business, many of your vendors might be willing to give you "net 30" or "net 45" day terms, which means you have 30 or 45 days from teh day you get your goods until you need to pay.

this would allow you to sell the goods (at a profit) before you had to pay the vendor.

even though you have good credit, i would take this step before any other... it's the simplest step, and would probably work the fastest!

good luck!

What is the best option to get money for a business?, Welcome

How long have you been in business?? Where are you located??

How can I get in touch with you?? email?? Phone??

LUCKIEST
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Hi,
I own a Event Management Company, our organization industry understands the concerns vendors and sponsors now have within pre-payment or deposits. We are now working with the event participates instead of being firm with the registration fee. Ask the Event Show Management to pay your vendor booth fee and any show perks at the closing of the show. Be upfront with them as you were with your message here. Believe me you are not alone and right now any event or trade show is more than thrilled to have each and every vendor, sponsor, participate and attendees...we are hurting as bad as you are.

On the flipside (Fill the order you need funds)...you may want to do what we are doing. I was in your same boat. In the past we would create the event in full from florist to caters and then bill the client. A Special Event that entails 20,000 plus attendees can mean cleaning crew, set, staging, etc. all needing us to pay before providing service. Prior it was not a problem. Then when 911 hit and our industry fell due to no traveling, not to mention all the cancellations and bills we got hit with, I reorganized I had to change the way I did business. We now only and always take a deposit for the price it cost me to purchase anything up front. In most cases I simply take half of the total bill. So it someone orders a product from you and
you are selling it for 49.00 a piece and it cost you 24,00 to make then take a deposit for 24.00 to place the order.

One other thing I have one credit card I use only for my company when I have the same situation as you.
I know it i will be paid. And once it is I may place another big event on it. See about getting a business credit card.

Very Best to You...
Kimberly

Thank you for your response.I do accept credit cards, but need the money to pay for expenses of going to shows and getting goods into the country. I must pay my suppliers for now before they ship out the goods. I have approached some banks, including the banks I have current accounts with. I didnt have much luck with them. Many cut back on their lending and requested I use my property and any other assets I have as collateral. If you have any names of lenders-private or any others that would be great,

Thanks again,

Anukshah <!--Session data-->

Hello,

thank you for your response. I have been in business for four years. Being in the wholesale business, we have a season and at the beginning of the season I need to fund the shows and the clothing, i need some immediate cash. I have a good credit score and prefer not use my personal assets to secure a loan. I have approached several banks and this was the option I was given to get any funds. I am open to suggestions, and appreciate your time.

Anukshah
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