I have been working for a while on getting the funding for my start up. After almost a year of working through all of the numbers, the business plan, etc. I came up with a nice rounded figure that would totally get me off the ground. This includes equipment, marketing, supplies, and a miscellaneous fund that could be kept as escrow for paying back on the beginning payments of the loan that I am looking to take out, just in case something comes up and I don`t make the initial funding to make full payments when I start (I like security blankets). Anyway, this amount was kind of talked down by the loan officer that I had checked with. At the same time it was really promoted that I could get a garanteed SBA loan through them for half the amount that I was looking for. To accept this, I would get the equipment needed and have some left for supplies. To accept this would mean a definate struggle to get the business on its feet and in the mean time would mean that I would have to continue in a full time job for at least a year. My question is; should I keep reaching for the stars or settle for the moon? One is garanteed, but I would be struggling through for a while and the other may take a while for me to get the funding, but once I get it, I can start completely. By typing this out, I may have answered my own question, but am interested to see how others in here would (or have) handled this situation.
Thanks in advance for the help.