Not a problem, 25% vig in one month. From: Steve Jones Sent: Friday, February 11, 2022 1:20 PM To: AnimalFarm Microwave Users Group Subject: Re: [AFMUG] Ot: business loans
No, wasnt at a point yet for legitimate contact. Still am not. Hes on my list for that though. Im still hoping chuck mccown just cuts me a check. That would save so many people so much time. On Fri, Feb 11, 2022, 2:10 PM Chuck McCown via AF <[email protected]> wrote: Did you talk to John? From: Steve Jones Sent: Friday, February 11, 2022 12:55 PM To: AnimalFarm Microwave Users Group Subject: Re: [AFMUG] Ot: business loans Yeah,i may have burned that bridge, i filled out the generic contact form figuring id get a call for them to politely tell me to kick rocks, but i got a fast fuck off, go hang out with the other poors email. (It was actually a very polite and professional form letter) On Fri, Feb 11, 2022, 1:26 PM Chuck McCown via AF <[email protected]> wrote: yep From: Jason McKemie Sent: Friday, February 11, 2022 12:16 PM To: AnimalFarm Microwave Users Group Subject: Re: [AFMUG] Ot: business loans Is that liveoakbank.com? On Fri, Feb 11, 2022 at 1:04 PM Chuck McCown via AF <[email protected]> wrote: Talking to John Scrivner of Live Oak. Looks like a good bank for guys like us. From: Mark Radabaugh Sent: Friday, February 4, 2022 12:47 PM To: AnimalFarm Microwave Users Group Subject: Re: [AFMUG] Ot: business loans Tried that myself, in the end it wasn’t worth a shit. Probably spent 15 years grooming a local bank. They were more than happy to take our deposits, give us auto and real estate loans but when it came to fiber it was a completely different story. In the end they were worthless. Ended up going with Live Oak, who has been great to work with. Skip the local guys - they don’t understand anything that isn’t real estate or vehicles. Get your books in order, do proper accrual accounting, quit expensing everything, and go find a bank that knows the industry. Stop wasting your time with the idiots. Mark On Feb 3, 2022, at 9:00 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 -------------------------------------------------------------------------- -- 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 -- 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 -------------------------------------------------------------------------------- -- AF mailing list [email protected] http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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