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2 Replies Last post: Aug 28, 2009 9:53 AM by phanio

Small Business Expansion Financing Help

Aug 27, 2009 1:01 AM

succotash 1 posts since
Jul 24, 2009

I have a small retail business that is growing. I just recently formed an llc after being a sole proprietor for several years, so all of my debt is on my personal credit. This is making it diffcult to get financing as it also looks like I am a new business. Any suggestions?

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LUCKIEST 7,942 posts since
Aug 6, 2007

1. Re: Small Business Expansion Financing Help Aug 27, 2009 8:23 AM

Small Business Expansion Financing Help

Many suggests. Lets start with who are you?? Go to Members page and share some info.

Do you have an Accountant?? A Lawyer??

Tell me more and I will share my suggestions

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phanio 487 posts since
Apr 7, 2009

2. Re: Small Business Expansion Financing Help Aug 28, 2009 12:53 PM

There are a few options even though you may have high ratios on your personal credit. Being retail, you should be accepting credit cards as payment. You can get a Business Cash Advance against future credit card sales. This is one of the most popular ways to finance growing businesses. There are also micro-loan programs for companies that have been turned down by banks - might be worth a look into.

Business Money Today
www.BusinessMoneyToday.com

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ForumsFinancing Tips

This Question is Possibly Answered

Small Business Expansion Financing Help

Aug 27, 2009 1:01 AM

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