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?!?)
Great Business News!
October 31st, 2006 at 08:06 pm
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hey, hey, why are you scooting me out the door?
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