I am a self-employed financial advisor (independent contractor), affiliated with a large national firm looking to expand my business. I am currently faced with an opportunity to open my own office in the town that I reside, the opportunity that presents itself is the real estate that has come to my attention. The cost per sq. ft. is the best I have seen in two years of looking. I have had my accountant and attorney review the deal and contract and both agree this is a very good deal. The problem exists in so much that according to my business plan the office would not become reality until late 2007 or early 2008. This is a business decision that I must act upon now.
I am requesting a loan of $12,000.00 to assist in the purchase of computer hardware, some furniture, staff and other misc. start up expenses. Currently, I have approximately, $9,333.00 of guaranteed monthly cash flow which will increase at the beginning of May and again in July. The additional monies are needed to support the above listed cash needs as well as two marketing campaigns currently underway. I do not want to be in a cash shortage position when opening this office or within the first 12 months. Based upon cash flow projections (ebitda) I should have no problem paying back the loan in 15-18 months. Should you have any further questions do not hesitate to contact me. |
