So I'm using this alternative lending community to finance my business expansion, since the business loans have been declined. Shady bastards at the bank didn't tell me that I needed four years of credit history, only four lines.
The business loan I tried for actually was an SBA loan, those are the easiest business loans to get. I wasn't approved, because I don't have four years of credit history; which they didn't tell me before I applied. I'm cutting back to seven credit hours again in the fall and putting about 34 hours a week toward my business. Dominic will do a little bit part time hitting thrift stores in New Haven, also. My loan on this site is fully funded to $2500, which is what I requested, based on keeping my debt/payment ratio below 20%. Now the interest rate is gradually being bid down. The $2500 allows me to double or triple my inventory, which will be a major boon to my business. Then as my capitalization improves, I can shift inventory procurement from thrift stores to book lots on ebay, which will improve my revenue growth even more. I did want to talk to you about lending an additional $1000, then I could do your payments every month instead of every three months, which would be better for both of us; if you and Dad want to discuss that and then give me a call.