good idea, will talk to Mike. I'm just upset that the person i talked to shut me down before i even explained fully what we intend to do.
On Thu, Apr 25, 2013 at 2:38 PM, Alex Hillman <dangerouslyawes...@gmail.com>wrote: > That totally makes sense. > > FWIW, there's an argument that could be made that coworking helps its > members grow their businesses and that when those businesses grow they're > likely to hire. If you're describing your business as a desk > rental/subscription rental model, it makes sense from Jerome's description > that you should get turned down. But if you describe how your business > model can be a catalyst for economic development (we talked about this in > last friday's Office Hours, video here: > http://www.youtube.com/watch?v=roBKm87wc6U), you may have a stronger > case. > > At any rate, rather than speculate, I would reach out to Mike Maher from > Benjamin's Desk and ask about his SBA application and see how he pitched > it. He's a super nice guy and I'm happy to have him as a neighbor here in > Philly :) > > > -Alex > > > > -- > > /ah > indyhall.org > coworking in philadelphia > > > On Thu, Apr 25, 2013 at 5:26 PM, Jerome Chang <jer...@blankspaces.com>wrote: > >> Alex, my understanding is that the govt is backing these bank loans. So >> the govt would want businesses to hire people to run the operations, not a >> kick-back-and-collect-revenue biz model. >> >> Yes you could sell magazines and stuff, but that would have to amount to >> a lot of revenue...at least equal to the coworking memberships. 1 desk = >> $500, vs 100 magazines @ $5 each. Multiply by at least 20 desks. Print >> magazines are dying so... >> >> Rena, it's possible to convince some loan officer to convince the loan >> committee and therefore the SBA approval process, but it'd be an exception >> than the rule. >> >> Jerome >> www.BLANKSPACES.com >> >> On Apr 25, 2013, at 2:15 PM, "Randall G. Arnold" < >> randall.arn...@texrat.net> wrote: >> >> Which would support the idea of hosting a deli and/or magazine and >> other related sales activities onsite. Is training considered passive? >> After hours rentals? >> >> Randy >> >> >> On April 25, 2013 at 4:05 PM Jerome Chang <jer...@blankspaces.com> >> wrote: >> >> An inside source once told me that the SBA doesn't finance operations >> based on passive income. Gyms with passive membership fees get away with it >> because they have a lot of trainers, retail sales, etc. >> >> So unless you can prove that more than 50% of your business is not >> passive, you're out of luck. >> >> Jerome >> www.BLANKSPACES.com >> >> On Apr 25, 2013, at 1:58 PM, Rena Tom < bob...@gmail.com> wrote: >> >> Help me out, all. I just had a conversation with the NYBDC (New York >> Business Development Corporation) which works with the SBA on lending. They >> said the SBA won't fund coworking spaces because it's too much like a >> landlord/subtenant situation which is not in their charter. >> >> Have any of you taken a SBA loan for your space? This just sounds wonky >> to me. >> >> Rena >> >> >> -- >> Visit this forum on the web at http://discuss.coworking.com >> --- >> You received this message because you are subscribed to the Google Groups >> "Coworking" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to coworking+unsubscr...@googlegroups.com. >> For more options, visit https://groups.google.com/groups/opt_out. >> >> >> >> >> >> >> >> -- >> Visit this forum on the web at http://discuss.coworking.com >> --- >> You received this message because you are subscribed to the Google Groups >> "Coworking" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to coworking+unsubscr...@googlegroups.com. >> For more options, visit https://groups.google.com/groups/opt_out. >> >> >> >> >> >> Randall (Randy) Arnold >> Developer and Enthusiast Advocate >> http://texrat.net >> +18177396806 >> >> -- >> Visit this forum on the web at http://discuss.coworking.com >> --- >> You received this message because you are subscribed to the Google Groups >> "Coworking" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to coworking+unsubscr...@googlegroups.com. >> For more options, visit https://groups.google.com/groups/opt_out. >> >> >> > > -- > Visit this forum on the web at http://discuss.coworking.com > --- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to coworking+unsubscr...@googlegroups.com. > For more options, visit https://groups.google.com/groups/opt_out. > > > -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to coworking+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
