viper
Titanium
- Joined
- May 18, 2007
- Location
- nowhereville
We have just recently finalized paperwork for a new corporation formation. Just curious where we can turn to for business lending that is the easiest and cheapest way to go? We really only need lending of 100-200K. I know we will be fighting an uphill battle due to being a new business without much history. I was considering just applying for a corporate credit card and buying business assets that way until I can establish a better history. Suggestions?
I have heard that the SBA can be a serious PITA to get money and may not be worth messing with. Is there other creative funding I need to know about? This will be a rather short term deal but the problems really comes in the first few months of getting new machines on line and making money to pay the new bills. Does one generally go in with a sizable capital acct to keep things paid or can you request additional funds for this or possibly just a payment deferral?
I have heard that the SBA can be a serious PITA to get money and may not be worth messing with. Is there other creative funding I need to know about? This will be a rather short term deal but the problems really comes in the first few months of getting new machines on line and making money to pay the new bills. Does one generally go in with a sizable capital acct to keep things paid or can you request additional funds for this or possibly just a payment deferral?