Thread: SBA loan
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Zeke Zeke is online now
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Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 38,269
Quote:
Originally Posted by Shaun 84 Targa View Post
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I've been working with a SCORE guy for a year+. He's terrible.
You go in and tell this guy nicely what's wrong in your opinion and see what he has to say. Remember that SCORE is retired executives. Well, what kind of executive was he, and when? A lot of older people, even me, won't see too much excitement in children's clothing, especially the hipper stuff. You've got to find your soul brother or sister (or uncle and aunt). They will go to lengths for you. It's really another success for them!


SBA looks highly upon SCORE.

Forget about your assets. Have a pro do it for you. Your business already has good will; it's salable. The vehicles are just the sales fleet. Better than leased. The product has position and momentum. Loans can be made on orders taken, you prove you delivered last year. Get all of this in a financial report. Take that and your new orders to every bank you can find. You can tell them your almost hooked up with SBA, but you thought they might like a first glimpse.

All anyone needs to be shown is how you plan on using the money in order to pay it back. Think about that, that's big effort. The best plan wins; whether the best plan works is another matter. Let them decide on that.
Old 06-03-2008, 08:04 PM
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