The local bank here told me fiber was worthless. Then 30 days later Live Oak Bank gave me a loan for my first fiber neighborhood. This was late 2019.
On Thu, Feb 3, 2022 at 9:01 PM Chuck McCown via AF <[email protected]> wrote: > That’s important: “was on first name basis with VP and loan officer... “ > > You gotta get a local bank, stick with it and get to know them and them > get to know you. Makes a huge difference. > > *From:* Jaime Solorza > *Sent:* Thursday, February 3, 2022 5:30 PM > *To:* AnimalFarm Microwave Users Group > *Subject:* Re: [AFMUG] Ot: business loans > > When I started my company in 1992, I had some large purchase orders from > Johnson & Johnson plus GE Capcom which I used to receive loans from bank. > Had to get them signed over to bank at first but after a few large orders, > the bank gave me a $100,000.00 credit line to get ramped up...Always paid > on time and never abused it...was on first name basis with VP and loan > officer... > Not sure if banks are this open to help small businesses anymore...can't > hurt to try....good luck > > On Thu, Feb 3, 2022, 3:18 PM Steve Jones <[email protected]> > wrote: > >> Ive never done business loans before, just mortgage and personal. >> >> Do lenders consider contracts to be future revenue? >> >> Where is the best type of lender to look for with no business history? >> The local lender with the mortgages and local personal loans? National >> lenders? What about if 2021 deatroyed your personal credit to a fair >> rating, is a business loan even an option even with a contract exceeding >> the loan amount by 80 percent? >> >> Is the sba an actual resource to invest time into for starting something >> up, or is it like BBB. >> >> >> Aside from the loan question, when getting into underground work (laying >> pipe, and cablework) what expenses outside labor, insurance, >> maintenance(vehicle, equipment, staff lodging/per diem, fuel, etc), >> tax/workmans comp, etc do you come across? If you dont own the duct. >> >> >> >> >> -- >> AF mailing list >> [email protected] >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > ------------------------------ > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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