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Lignum9291's avatar
Lignum9291
Contributor 3
2 months ago

Funding for a business with less than $100 k in revenue

I have been in the US for 4 years now and my business is 2 and a half years old. I pour everything I had in it and my wife is taking care of all our living expenses. We have a road map and a plan tha...
AnatolyNaz2000's avatar
AnatolyNaz2000
Contributor 2
2 months ago

Hello 

Ive had my construction company for 4 years and Ive taken a number of different loans throughout the life of my company. 

We used MCA, which have terrible terms but if you have a solid plan and can use them wisely it should help you elevate. We took a 2 loans last year that let us go from $250k to $1 million in revenue. If you trust and execute your plan, and produce more than the payment will be, you will be alright. 

 

Good luck to you. 

  • Lignum9291's avatar
    Lignum9291
    Contributor 3
    2 months ago

    This is helpful. Thank you