Hi there
I have opened a business after 6 months of beurocracy and other factor and initial results are good, The business will do good sometime after March/April when summer is on,
However, due to the waiting time of 6 months (yes, i missed, christmas and summer last year :-( ), We had to pay rent, esb bills etc.
now i am in need of 30k cash injection as to secure employees salary till july, i know we will do well in coming time, its just some cash injection.
Can i ask for a bank loan from the bank? We have not had a bank loan yet on company name and over expeted turn over for 2009 would be above €60k,
Can bank give me loan of 30-35k? I know banks are getting bailouts but not sure about small scale enterprenour like us,
any help/suggesstions on how to get some cash injected for 5-6 months
thanks
AC
I have opened a business after 6 months of beurocracy and other factor and initial results are good, The business will do good sometime after March/April when summer is on,
However, due to the waiting time of 6 months (yes, i missed, christmas and summer last year :-( ), We had to pay rent, esb bills etc.
now i am in need of 30k cash injection as to secure employees salary till july, i know we will do well in coming time, its just some cash injection.
Can i ask for a bank loan from the bank? We have not had a bank loan yet on company name and over expeted turn over for 2009 would be above €60k,
Can bank give me loan of 30-35k? I know banks are getting bailouts but not sure about small scale enterprenour like us,
any help/suggesstions on how to get some cash injected for 5-6 months
thanks
AC