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Free registration at the forum removes this block.No what is that?Have you looked into factoring?
Go talk to your banker about factoring. It's a lien on your accounts receivable while you're waiting to get paid. It's sure NOT a cheap date, but it is a stop gap measure to tide you over. Or think about finding a white knight, a venture capitalist, or a money partner. It's one of the biggest reasons for business failure -- a lack of working capital. You already have your nose against that wall. It also commonly happens when your business grows too fast. There's a notorious gap period of time where most businesses lose money while they are going through the growing pains of rapid growth.No what is that?
Only if you have something that the bank can attach for security. Banks generally have stock holders and FDIC auditors to please. The conventional/commercial loan business has become very difficult with the Frank Dodd banking laws and current underwriting lending standards.My net margin is too low to factor I think. Do you think a line of credit would be better?
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