Thursday, July 16, 2009

I am looking for working capital funding for a small business.?

I have contracts with a number of drop shippers and just wholesale outfits (by the lot), initially for the purpose of internet sales %26amp; ebay type auctions. I would like to buy in bulk and lease a storefront in a rapidly growing suburbian area of a major metropolitan area. The types of things offered in my shop would be sold at less than normal retail mark-up and the storefront space is quickly being eaten up by new businesses due to the town%26#039;s growth, so locking in the low overhead is imperative now. I have much less than perfect credit, but would run credit card receipts as I offer them currently. Has anyone had any experience with finding a lender under similar circumstances?



I am looking for working capital funding for a small business.?cheap loans





Money follows management. It is not a great product, but a great management team that will help you get the financing you need. Lenders want to be assured they will receive their money back. If you surround yourself with other people who have done this and have been successful, a lender will feel more secure lending the money. Gather a management team of other business owners, consultants, attorneys, accountants or any other professional who can help support your business. It is impossible for you to know everything, and every successful business person surrounds themselves with people who are smarter that they are. Once you have built your management team/advisory board, then a business plan is next. There are many resources available to explain how this works. I think with a good team of advisors and a business plan, your chances of getting financing will be better.

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