Small online business owner: Looking for short-term loan.

donaldjerry · #1 (**permalink**) 05-27-2010, 04:29 AM

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.

amarjsr · #2 (**permalink**) 06-02-2010, 05:56 PM

Does your business accept credit cards?

sapphirecapital · #3 (**permalink**) 06-03-2010, 01:26 AM

first write a business plan with a 3 year plan on financials, then refine it, you are the guy who knows the business and where it can grow and be successful,

ltj2010 · #4 (**permalink**) 06-24-2010, 10:24 PM

If your having troubles paying for gas, electricity. Then how are you going to be able to pay an additional loan. You may need to look for other ways to increase revenue or working a part-time job to bring in some extra cash.

C9Consulting · #5 (**permalink**) 06-30-2010, 09:55 PM

The only way to stem your actual problem, is to increase cash flow or cut expenses. Applying and receiving any kind of loan to cover gas or electricity bills won't end your problem. It will just serve as a plug to the many leaks in your proverbial dam. Good luck with everything. I definitely second that you need to review your business plan.

stuart45 · #6 (**permalink**) 08-20-2010, 08:29 AM

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Smart Payment Plan · #7 (**permalink**) 08-30-2010, 05:21 PM

Try getting a part time job until your business picks up?

goodyphilips · #8 (**permalink**) 09-02-2010, 08:26 AM

Exactly you must reduced your expenses and enhance your monthly income. if you do not see that happening in the near future but are confident enough that you will get a steady earning later on then you can think about taking some loan for your working capital till that time.

alfredjony · #9 (**permalink**) 09-05-2010, 03:50 AM

Do not gamble with the loan in this conditions.
you should try to do a part time job to do with the expenses of daily life
meanwhile concentrate on your biz

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