Growing Fast, But Suffering Growing Pains - Advice Please!

**MojoRisin** · 05-06-2009 10:28 AM

I own and run a small company that is growing fast. I have developed a line of medical devises that are selling like hotcakes. Recently, I have been given the opportunity to have my products promoted and sold on some very high traffic catalogs within my niche market.

I anticipate $20-$30k a month in sales from these venues, however, they pay net 45. This means that I will have to come out of pocket for the first two and a half months to meet their supply demands. I just don't have that kind of cash and my personal credit is fair to midland. My company is a recently formed LLC that does not have any credit.

I do not want to blow this opportunity. Does anybody have any suggestions on how I could get financing?

Thanks in advance for your advice.

**krisss** · 05-06-2009 11:01 AM

Originally Posted by MojoRisin

I own and run a small company that is growing fast. I have developed a line of medical devises that are selling like hotcakes. Recently, I have been given the opportunity to have my products promoted and sold on some very high traffic catalogs within my niche market.

I anticipate $20-$30k a month in sales from these venues, however, they pay net 45. This means that I will have to come out of pocket for the first two and a half months to meet their supply demands. I just don't have that kind of cash and my personal credit is fair to midland. My company is a recently formed LLC that does not have any credit.

I do not want to blow this opportunity. Does anybody have any suggestions on how I could get financing?

Thanks in advance for your advice.

Have you looked for an investor?

What about angel investors?

**MojoRisin** · 05-06-2009 12:03 PM

I was more interested in some sort of bridge loan. I have one silent partner already that owns 25% and do not think that it is necessary to give up anymore.

**Proph** · 05-06-2009 12:39 PM

does the company have any assests that could be used as collateral? Since the company doesn't have any credit you might, key word might, be able to go after a short term SBA loan but they will want something to back it up, such as equiptment, property etc.. i have also worked with owners who have used their personal residence as collateral for a 60 day bridge loan from a bank but this was in 2004. banking requirements have changed since then.