My company does about $3 million in revenue a year. I would like to get a loan for marketing expenses ($500k-$1m for 3-6 months). From what I've seen, it seems most credit lines are only up to $100k, but I'm entering an area here that I'm unfamiliar with. and could really use some advice. I'll be wanting to talk with someone who understands this :) Thanks!
I would suggest that there are several factors that you must take into consideration to achieve this goal, such as
1) You need to provide a comprehensive loan request which consists of a full package, along with financials with explanations and a solid make-sense plan showing exactly how this capital injection will benefit your company - to assure any investor that they can reasonably expect they will be paid back.
2) Your anticipated time frame for the return of this desired loan is enough to send off red flags to anyone.
3) You absolutely do not have to offer up any equity, provided you can offer a realistic guarantee.
Its difficult to offer you any detailed advice, based on the limited information that you've provided thus far.
Please feel free to contact me, and we can spend a few minutes to determine your best course of action.
Thanks!
Answered 9 years ago
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