Showing posts with label Loan. Show all posts
Showing posts with label Loan. Show all posts

Friday, November 16, 2012

And...Here We Go Again

It's official, we are crazy.
The only consolation is that we now have some partners to share the craziness with.
I know I still haven't introduced Jason and Chloe.
I really have every intention of doing so.
We have been so happy with the partnership.
It has taken our business to a new level.
I was just starting to feel comfortable.

Comfortable?  That won't do.
{That was the universe stepping in again in case you didn't recognize it from previous posts.}

I kind of thought we had bought all we needed at the shop for the time being.
So naive, I know.
We have loaded our space with all this great equipment, what else could we possibly buy?
Why the space of course.

That's right.
We are considering getting ourselves a {very} permanent location.
Delving into the world of commercial real estate.
You know how "they" say that your house will be your largest purchase?
"They" might be wrong.
The thought of a mortgage for $3,000,000 makes me ill.
There are 6 zeros there folks, 6!

I hope that I look back at this post someday and laugh.
Laugh about how I thought $3M was a lot of money.
Yes, I'll have a good chuckle with my personal assistant while we're being flown by private jet to our beach front house in Maui from the condo in Paris.
Too much?

Thursday, August 23, 2012

Buried Alive

I have been spending the day buried in paperwork and tulle.
Odd combination I know.
The tulle...well, I'll have lots to tell about that after this weekend.
Not quite this shade of tulle but it's a good visual, no?
Sorry Jenna!
The paperwork is for yet another {insert expletive here} loan application.
As I was telling you, we were approved then turned down for a loan from our bank.
We have now filled out all the paperwork and been approved to lease our equipment.
That takes care of the equipment part of the equation.
Now we just have to pay for some extra hands on deck.
To do this we are applying for a loan with the BDC.
This requires preparing approximately 847 {I may be exaggerating a smidge} pages of information on the business and us.
I'll say it again.
It's a heck of a reality check to see your financial situation all laid out in black and white.
{And a boatload of red.}

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