by kismet, Window Shopper
- Created: June 28, 2010, 10:42 am
I have been in the health and fitness business for a little over 2 years. I recently opened a new gym with cash and made the mistake of purchasing equipment outright instead of financing. This has left me strapped for operating capital after about 10 months of operation.
We are still losing money on a monthly basis but narrow the gap to profitability each month and expect to break even in about 8 months. Problem is I am going to run out of capital before then.
I have been exploring options for raising capital. I could not secure a loan at start up as my personal debt to income was too high.
We are an S Corp. if that is of any help. Can I secure SBA funding after 2 years as an S Corp.?
- Community Home
- Discussion Boards
- Tell Us...
- Discuss Popular Topics
- Developer Resources
- Social Media