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@conservativechristian You keep talking about what you have but not about what you’ve done to sell it. Who have you talked to? What local shops have you tried to get your product in? What cafes are you offering to white label for? How are you advertising? Who are you targeting?

@jlcg1988 When selling a product, your bank account won’t reflect your profit/loss statement. When you purchase inventory, you don’t deduct that purchase price until the inventory sells. So if you bought $7k worth of inventory, your books won’t show $7k of expenses because your assets are now in...

@witbos $10-15k is credit card territory. Or someone can put an asset they own up for collateral. Or ask around local businesses which loan brokers they recommend.

@witbos I’m sorry, I know that you’re in a rough spot financially. Believe me when I say that poor credit is when you need to get MORE conservative with your financial decision, not less. You can’t put your hands on less than 10% of your revenue. That means your cash flow has a major problem...

@witbos The address goes to a business center where maybe they have an office they rent by the month or maybe they just have a virtual mailbox. This is likely just some guy who is a broker or a scammer. Feel free to find out yourself.

@witbos A financial sector company that can’t be bothered to hire a professional copywriter or spell check their website? That’s a big no from me.

@tms7981 That’s a good plan. Since it sounds like you’re just needing the cash to scale, with $5k of turnover a month, you should be able to scale from profits alone albeit on a slower speed. That’s not a bad thing to do while working on your credit.

@tms7981 That low of a loan is credit card territory. With a good enough credit, you should be able to get one for low or zero introductory rate. If your credit isn’t good enough for that…well…you likely wouldn’t get a business loan anyway.

@silentwarrior116 From the manufacturer usually.

@gasol After this question is answered, I have questions regarding how abacuses are used for calculations.

@nitsud The perception of your business’s reliability is more important than that product. It didn’t go to waste, it created a learning moment for you to up your game.