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Trying to start my first business

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  • JWOOD
    replied
    ewingsteel,
    I suggest just getting a signature loan on the welder and the truck bed.
    Forget about the working capital. Why pay interest on money you have in your pocket? When you get jobs, ask for half down and then get the rest on the completion of job. Believe me when I tell you to get half down. If a customer is not willing to do that they normally won't pay the rest. Don't worry about turning down work because of this. There is plenty out there.

    Good luck, JWOOD

    Leave a comment:


  • ewingsteel
    started a topic Trying to start my first business

    Trying to start my first business

    I was wondering if anyone had any experience with SBA Loans. I have talked to banks and credit union and they say that without being in business for a year and showing a profit they cannot help. I was wondering what any of yall thought about the process. I want a loan to get my portable equipment and put a flat bed on by truck and hopefully 1 years worth of working capital. Any info will be helpful. Or, tell my how you did it.


    Thanks,

    James

    millermatic 135. various other tools.

    want a miller Trailblazer 302 with full mig, tig and stick setup.
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