Olivia Wilsona year agoHoping someone could offer me some insight into landing a small business loan. I have only ever gotten a couple mortgage loans and don't know a lot about business lending. I have toyed with the idea of opening a mini golf course in my town for a while and have finally put a little research into the idea. I think I have a very strong case for the viability of such as business. I live in pretty affluent town in with a young, vast majority family, community of 80k. Med. household income 125k, with a very active population. The town is also completely starved for entertainment options. We have a movie theater, county fair and some zip lines and ropes courses that is about it. There is lot of outdoor activities, (biking, hiking, etc..) but little to no family entertainment activities; just restaurants, bars, ice cream and parks. Its kind of a old cow town that has had a massive renaissance in the last 20 year. Yet also still 35 miles from a major metro area. In an 20 mile radios the population is 200k+ and we have an outlet mall that drives 5.5 million visitors a year! There are lot of other stats and community benefit statements to be made in favor of the business succeeding. However, a new mini golf course has really high start up costs but low operating costs. I would need about a $1.5M loan and don't have a ton of collateral. $250k on house and car, $150k in cash & investments. I have a business degree, good credit, can write a very compelling business plan, and have a resume that would lean well to running a small business such as this. Would a bank give me a loan? Local credit union? What are the factors that a bank would look for qualify me? Other words of wisdom? Thanks!051080
Olivia Wilsona year agoHas anyone here sold or bought a marketing agency? I run a large agency and always wonder if it makes sense to grow via acquisitions. Have you bought or sold a marketing agency, and if you did, how did it work out? 01460
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