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Great Business News!

October 31st, 2006 at 12:06 pm

Ok, I know that this news would not be exciting to most frugalites...but it is extremely exciting for me!!

I received a call from our bank today that our pest business has been approved for a business line of credit with no fees!!

Until today, I have been loaning the business my personal money.

We had been told it would take TWO years before the business could take a loan on its own. We've only been in business 19 months...so a little earlier than we'd hoped and planned on.

This is a huge step for the business as it is on its way to becoming self supporting!!!

The loan is not enough to pay me back--that will take many years, but it is a step in the right direction---and a significant boost to the soundness of the company!

Doin the happy dance!! (Whoda thunk, over a silly loan?!?)

Posted in general thoughts | 8 Comments »

8 Responses to “Great Business News!”

  1. Broken Arrow Says:
    October 31st, 2006 at 12:12 pm

    So what kind of pests do you guys...

    hey, hey, why are you scooting me out the door? Big Grin

  2. tinapbeana Says:
    October 31st, 2006 at 12:32 pm

    hey, good for you!!! not only do you get to stop using out personal money (a budgetary plus), you may get to see some of that money actually being put back ( a budgetary plus plus!). both of those things are really rare in small businesses, so this is a definite feather in your cap.

  3. Ima saver Says:
    October 31st, 2006 at 01:36 pm

    That is wonderful, Ray,I am doing a happy dance for you too.

  4. moneycents Says:
    October 31st, 2006 at 03:53 pm

    Terrific news!

  5. LuxLiving Says:
    October 31st, 2006 at 04:46 pm

    that's wonderful!

  6. Champion Cheapskate Says:
    November 1st, 2006 at 04:46 am

    Use the money wisely and take care of business, literally Smile

  7. jen-taylor Says:
    November 1st, 2006 at 08:16 am

    Hey there, thanks for stopping by my blog! Congrats! It's a great news that your business is growing and self-reliant.

  8. LuckyRobin Says:
    November 1st, 2006 at 09:51 am

    Does it make it feel more like a "real" business, now that the bank will loan you money? Obviously, it was a real buisness, I just mean how you think of it, has that changed now? Anyway, terrific news.

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