Hello Everyone,

It has been a while since I have visited these boards. I opened my own collection agency roughly a year ago. Currently is it small, but we are growing and month over month are increasing revenue. I started the business with my own money and currenty have 1 employee.

Now here is my question; my business is in a strong position to grow, we have the need for more help, however, because our revenue is stretched over about a year, we do not have all the resources available to jump to the next level. I have been searching high and low for sources of lending, but because the amount I want is so small- $10,000, and the business is so young, banks won't deal, even with me as the guarantor. Do you guys have any ideas for other sources of lending?

This would be unsecured, as the business is too young to use collateral and I have only a low amount of equity in my home. I have heard a few whispers of microlending, but I am not sure about. I tried fillin gout an application with one, ACCION, however they do not work with my type of business.

We are an aobe the board operation that is working in the business to business sector of orthodontic appliances. We also have portfolios of pay day loans that we work to generate a consistent month revenue source while we continue to look for new customers.

But like I said, I am at a dead end trying to find financing to grow. Any ideas would be greatly appreciated!!

Thanks