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Small Online Business Owner: Looking For Short-Term Loan.


smithmiller6
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I’m a businessman having small scale setup my financial condition is not so good. Some time I face problem in paying monthly expenses like water bill, electricity bill etc. I am here to find a solution for it. How can I manage all these bills? Or Is it possible to take short-term loan for these type of expenses? If you people have any idea so please let me know. Thanks a lot for any help.

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I’m a businessman having small scale setup my financial condition is not so good. Some time I face problem in paying monthly expenses like water bill, electricity bill etc. I am here to find a solution for it. How can I manage all these bills? Or Is it possible to take short-term loan for these type of expenses? If you people have any idea so please let me know. Thanks a lot for any help.

Whats the business? What are your own forecasts for when you think you will start to be able to at least cover

all your own/business's costs?

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I’m a businessman having small scale setup my financial condition is not so good. Some time I face problem in paying monthly expenses like water bill, electricity bill etc. I am here to find a solution for it. How can I manage all these bills? Or Is it possible to take short-term loan for these type of expenses? If you people have any idea so please let me know. Thanks a lot for any help.

I assume you are working at home so in fact you are talking about living expenses. Taking a loan for fixed, basic costs doesn't sound like a good idea. Is it possible you can factor your invoices (get an advance on invoices from a finance company or your bank)? An overdraft or loan from the bank is the best option I would have thought.

Failing that, find another additional source of income, like a part time job. I worked as a IT contractor to finance my business in the first few years, now we sell share to investors, which is a killer from my equity viewpoint, but we have had $2million over the years.

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