I've got some concrete numbers. 114% collateral. 33% equity. Business plan, articles and bylaws due Sunday the 15th for a preliminary review by the lender and sister consulting company. On August 24th, I submit the paperwork officially, having corrected anything that caught their eyes. How long's it been? Over two years. I know by the number of busy seasons I worked at my last job, and mostly, I specifically remember vowing never to see another because my cafe would be up and running. I love deadlines.
The biggest task ahead is turning my colossal spreadsheet of doom into multiple, manageable spreadsheets with pretty graphs. My lender liked my original business plan, but disliked my use of a different font on every page and title. I believe I used 28 artistic fonts on a 14 page write-up. That's gotta count for something. Regardless, I'm going to rewrite it into something less like a sales pitch to sell my partners, and more like a matter of fact financial package. You know, more like my AT&T bill, and less like my kindergarden art project.
I suppose this means a late September opening. I've got no shortage of friends who're insisting on helping me build shop when things get there. Pizza and beer all around. I'll keep you posted. I'm not sure this is especially important, but it's nice to move past generalities like "I should be open soon - in a few months or so" to, "Loan deadline August 15th and 24th". Got a good location with a manageable rent. Got backups if it gets bought out from under us.
Making limitless possibilities much more limited.