On Jan 2, 2009, at 12:13 PM, Tom DeReggi wrote: > What I'd like to see is a SBA Broadband Lease guarantee program, > that is easier to qualify for than traditional SBA guarantees, to > help open up lending to the WISP market. There is tons of money out > their, But its harder than said for most to prove themselves "credit > worthy".
I haven't seen access to money to be that much of a problem. I'm a relatively small operator (compared to Travis, for example), but I got a $285K SBA loan last year with no trouble at all. Took just a few weeks. The rates weren't bad at the time (8.25%), but they are lower now I think. Have you actually *tried* the regular SBA route? In our case it was authorized both for "pop" build out as well as inventory (and a small percentage could even be used for working capital if we wanted) and it sure didn't seem hard to qualify for. Chuck > > > I'm seeing high risk lenders being more open to 1 yr leases. But > lenders are still concerned about 3yr leases, when they realize 3 > yrs is a long time, and plenty of time for a WISP to loose their > custoemrs to Comcast or FIOS. Expecially when grant programs are > talked about that might subsidize Fiber Optic deployment growth. > > Tom DeReggi > RapidDSL & Wireless, Inc > IntAirNet- Fixed Wireless Broadband > > > ----- Original Message ----- > From: Travis Johnson > To: WISPA General List > Sent: Thursday, January 01, 2009 11:47 PM > Subject: Re: [WISPA] Congress may help smaller ISPs grow > > > We have been charging the same for internet service for almost 5 > years.... and just two days ago, we got double the new sign-ups on a > single day of what we can do for installs. Business is booming in > our area and our industry. Just looking at our 2008 financials, our > gross revenues are up 15.2% and our Net Profit is up 10.3%. > > And I'll take the bet on being able to lease or finance equipment > in 6 months. How much shall we throw on the table? I have lease > companies calling me daily wanting to give me money... seriously... > I get 3-4 calls PER WEEK from all different leasing companies. They > all have money and want "credit worthy" companies to use it, because > that's how they make money. > > So again, how much shall we bet on this? :) > > Travis > Microserv > > [email protected] wrote: > ++++++++++++++++++++++++++++++++ > <insert witty tagline here> > > ----- Original Message ----- > From: "Travis Johnson" <[email protected]> > To: "WISPA General List" <[email protected]> > Sent: Thursday, January 01, 2009 7:24 PM > Subject: Re: [WISPA] Congress may help smaller ISPs grow > > > You can not grow in large scales without financing... and I don't > understand why people are against it. Our last equipment lease was > under > 10% interest, no personal guarantees, no money up front. We were > able to > purchase a large quantity of CPE units (thus saving us about 20% off > the > single unit price). So, in the end, it actually saves money and the > "cost" > of installing a new customer is $0 to you, because the $99 > installation > fee pays for the time, materials, etc. > > Example: > single CPE = $190 each > 460 CPE = $155 each > > 36 month lease on $71,300 = $2,300 per month x 36 months = $82,800 / > 460 > units = $180 each > > But in 36 months, you might be able to charge no more than 10 > dollars / > month per customer. That's the magic of deflation - which is already > occurring. > > And it costs you $5 per month for 36 months for the equipment on that > customer... that's pretty cheap even if you only charge $29 per > month. :) > > Whatever happens in the future... It will NOT be the same as today. > Inflation or deflation will happen. No way around it. Congress has > already taken on more debt than can be serviced. Neither scenario > will > let you survive being in debt. > > Besides, don't expect to be able to lease equipment at any rate or > terms > within 6 months. > > > Travis > Microserv > > > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: [email protected] > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > > > > > ------------------------------------------------------------------------------ > > > > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > > -------------------------------------------------------------------------------- > > WISPA Wireless List: [email protected] > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > > > ------------------------------------------------------------------------------ > > > No virus found in this incoming message. > Checked by AVG. > Version: 7.5.552 / Virus Database: 270.10.1/1870 - Release Date: > 12/31/2008 8:44 AM > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: [email protected] > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ -------------- Chuck Bartosch Clarity Connect, Inc. 200 Pleasant Grove Road Ithaca, NY 14850 (607) 257-8268 If all is not lost, where is it? -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: [email protected] Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
