Our Business... part 1...
So yesterday was the first milestone in our quest to be business owners. We worked day and night over the holiday weekend to finish our business plan and loan proposal. Yesterday we met with the bank to pitch our idea.
It did not start smoothly... The guy we were supposed to meet with didn't even show up for work, and never bothered to call to cancel or reschedule our appointment. Jackass.
You can imagine how we felt when we walked into the bank, all prepared and ready to go, and were told that the person we were supposed to meet with wasn't there... I don't know if you know this or not... but we are the most impatient people EVER! There was no way I was leaving without talking to someone!
So we did. The Assistant Vice President. P-R-E-S-S-U-R-E!!!!
The meeting started and quickly went downhill, of course... How could a loan proposal meeting possibly go well??? It turns out, wouldn't you know it, that you need a lot of money to start a business. Or assets.
You need something... and we don't have a lot. We definately don't have 25% of what we figure we would need to purchase and start-up this monster...
But, there are some options we are exploring, so it wasn't a total downer. One option is to work with a government agency called the Small Business Administration, which would help guarantee our loan based more on our character than our assets.
Oh, we've got your character baby!
So now we have to beat on the people selling the place we want to fork over their financials so we know where we stand with the bank. You would think someone selling a business would have all that ready to go, but if you have read my blog at all over the past year, you are well aware that nothing goes as planned for us.
Nothing.
So, that is that. Our first step was a big one, and we're still trying to figure out where to put our foot down. We haven't stepped on a pile of money, but, we haven't stepped in crap either.
More to come.
peace nick
It did not start smoothly... The guy we were supposed to meet with didn't even show up for work, and never bothered to call to cancel or reschedule our appointment. Jackass.
You can imagine how we felt when we walked into the bank, all prepared and ready to go, and were told that the person we were supposed to meet with wasn't there... I don't know if you know this or not... but we are the most impatient people EVER! There was no way I was leaving without talking to someone!
So we did. The Assistant Vice President. P-R-E-S-S-U-R-E!!!!
The meeting started and quickly went downhill, of course... How could a loan proposal meeting possibly go well??? It turns out, wouldn't you know it, that you need a lot of money to start a business. Or assets.
You need something... and we don't have a lot. We definately don't have 25% of what we figure we would need to purchase and start-up this monster...
But, there are some options we are exploring, so it wasn't a total downer. One option is to work with a government agency called the Small Business Administration, which would help guarantee our loan based more on our character than our assets.
Oh, we've got your character baby!
So now we have to beat on the people selling the place we want to fork over their financials so we know where we stand with the bank. You would think someone selling a business would have all that ready to go, but if you have read my blog at all over the past year, you are well aware that nothing goes as planned for us.
Nothing.
So, that is that. Our first step was a big one, and we're still trying to figure out where to put our foot down. We haven't stepped on a pile of money, but, we haven't stepped in crap either.
More to come.
peace nick
posted by Nick at
12:42 PM
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