Looking to get a buisness loan, My credit is not good at all,My Gross sales is great. But with the way our business grew, It`s has made a major cash flow problems.
I`m 100% on my corporation,If I changed ownership, and made my grandfather 50% owner and me 49%, Would he be able to get a buisness loan. He has agreed to doing this, and his credit is excellent.
What dose everyone think?
I own a Sub-Contracting business that works with a very large client. We started off -$18,000.00 the first year, To over 3 Mil this year. The problem that we have is, We started using a factoring company when we started expanding, Well now we are upside down (bascially a ahead on factoring invoices)
What I`m looking for, someone looking to invest and get a nice retun. Need around $300K to get back on track, Will only need it for 45 days, and they will get 5% on the money.
Any one out there interested, Let me know