I'm in desperate need of financial help!
by Bgoshop, Window Shopper
- Created: September 16, 2013, 12:24 pm
- Updated: October 31, 2014, 5:18 pm
My name is Steve. I own a barbershop in Massachusetts. And I need help! No Bank or microlender will Give me a loan. I've been in business for just over a year now. I have struggled to keep my shop open for this long. Every Bank I go to every micro lender I Apply with, Denies me a loan because of the amount of money that I'm making right now. As a barbershop I have a really low overhead. No more than $1800 a month. I'm in desperate need of a loan to keep my business open. Unfortunately every single financial institution is asking for a minimum of $5000 a monthly gross sales. If I was making that much money I would not need a loan. Unfortunately the entire barbershop industry is being overlooked by the financial institutions. Barbershop owners cannot get a loan because of the amount of money we make. Barbershops go out of business every single day because we make too little money to qualify for any kind of loan. For example; my overhead is $1800 a month, If I could just bring in $3000 a month I would not need a loan. I have resorted to payday loans to try to keep my business afloat. And that hurt me more than it helped me. I'm in desperate need for help! I just need one Bank one financial institution to let me borrow $15,000-$20,000. I could definitely afford two $250-$300 a month in repayment. My situation is... I open the barbershop June 1, 2012. I was doing fine in there paying the bills by myself up until January 2013. January February and March 2013 the state of Massachusetts got hit with major snowstorms. Some was so bad that the antistate was shut down, as a state of emergency. At that time, I made absolutely zero dollars. I've been trying so hard since then to catch up with my bills and just keep my business afloat. I resorted to payday loans to help pay some bills, but these malicious payday loan companies stole more money then I borrowed. I just hired two new barbers. I'm finally seeing the potential that my shop has. But unfortunately I'm in a situation where if I cannot come up with a loan I have to file for bankruptcy and lose everything. I just need one person one Bank one financial institution to take a chance on me and please help me! I'm desperate!
‹ Hello, All I'm in need of help, Im trying to fine an online grant writing certification class, any one know of one? Owner-financed purchase and issues with previous owner ›
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