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    6 Replies Latest reply on May 29, 2008 1:44 PM by FDesigns

    Need financial help for new business direction

    FDesigns Newbie
      Hi Everyone!

      I have been a spectator of this forum for over 6 months and have found it very informative as well as helpful. The time has presented itself for me to ask for help. We have just completed our first year in busines and have been very successful designing and manufacturing hospitality furniture to the trade. We are now starting a new line of office and residential furniture. We found ourselves needing a line of credit of approx. $100K for working capital in order to purchase materials, as well as a factor in order for us to sell to dealers. Our terms in hospitatlity have been 50% deposit and balance CBD. Never have had a problem in meeting our financial goals having these terms. But now selling to dealers we would need to offer terms and don't have the capital to do so. Need some professional help.