Post a new topic
    0 Replies Latest reply on Feb 12, 2009 5:33 AM by Rocketman1

    Purchased business number 1 late 2008

    Rocketman1 Newbie
      All while remaing (and planning to stay) employed going on 23 years. The 1st purchase was the proven grounds for the business and provided me with 1st rights of refusal for the next much larger business.

      I've spoken with some financial institutions with the same result. Typical of job searches..."don't call us we'll call you".

      Looking for some suggestions, ideas, and recommendations regarding the second purchase. I own the 1st business outright equipment and all. Is it possible / recommended to pursue a loan using my existing business as collateral. What about the equipment inside the laundromat? Can that be used to collateral as well? What are my options? Thanks.