Female cafe owner advertises Open Sign right before she realized that todays’ rising operating costs mandates a Revolving Line of Credit for more working capital.
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Case Study from a Last Minute Save of an Ice Cream Parlor out there in New Jersey .
Happy redhead woman enjoying a cold glass of ice cream on a terrace of an ice cream parlor
A young lady had started a Caribbean Diner in Atlanta, Georgia about 5 years ago …
Yeah, she had began her diner from the savings of her earned salary from a McDonald’s supervisory position and some borrowed funds from family and her baby daddy of two children …
This guy had actually stepped to the plate with a $ 5,000 contribution of total startup costs of approximately $ 35,000 …
Good Job to Baby Daddy !!!
Anyways, this restaurant was doing well for a start-up , after the 4th year in business, her diner had generated over $ 25,000 in monthly gross, which is equivalent to alittle over $ 250,000 annually …
Everybody should be happy, right ? Not at all, the Diner owner, Donna Smith (she asked to keep real name private) was over-worked, and since all proceeds was divided between re-investment , taxes, personal living, and her kids expenses …
Donna’s personal and social life took a toll as well, her fiance was let go due to his cheating ways , her children did well in school,
but their private tutors had increased their sessions fees, property taxes went up. and a bunch of other things had somehow contributed to stress and fatigue for Ms. Donna …
I was informed that it’s difficult to sympathize with the growing pains or blowing up pains of a self-made entrepreneur …
but I’m just trying to paint a picture of a woman whose frustrated with handling all of the responsibility of entrepreneurship,
that suddenly , out of the blue, get hit with a huge life changing blow and yet still survived,
One hot day in the month of summerly August , there was an unusual heavy traffic of customers.
All of the dining tables was taken and there was an extension waiting line in the front doorway.
And out of nowhere, the kitchen’s oven began to let-off a huge black smokey cloud heading towards the dining area..
This caused the customers to cough and grasp of air…
So without hesitation, Donna had evacuated the premises and her staff of cooks, waiters and order takers had lead the crowd safely outside …
The immediate problem was resolved without a hitch, nobody got sick and nobody got burnt …
Those customers who abandoned their dinners, I’m talking about that good food, roti, oxtail dinners, and curry chicken plates was somehow reimbursed for their troubles…
Donna believes in safety first, so she did not want to take any chances.
After the smoke cleared up, Donna and her staff had returned to the back kitchen to assess the damage,
they had saw that the bakery and oven had overheated, thus letting off that dark black cloud towards the front are, the dining area where folks were enjoying their plates of food …
Now at that moment, Donna had realized that those kitchen appliances, the warranty had elapsed, and to totally replace them would be astronomical.
Remember, Donna had just paid her customers alot of money as a reimbursement package, now combined, this total damage to her cash flows was a huge blow…
What was Donna to do in this situation ? Either figure something out or close up her entire diner, her entire business …
So Donna did what most entrepreneurs do in these modern times, she had went online to look up business loans, and business funding,
especially since previous attempts had conventional business bank loans was denied due to maxed out credit cards and only average credit scores.
How was the Crisis is Resolved ? ? ?
Donna had sat down with her cell, her iphone and began web browsing. Her computer was over ex-fiance’s house, which she did not want to bother with.
She had came across several of those popular SBA loans sources. she was informed that wasn’t an option since one of their requirement is 700 plus credit scores.
While browsing the web, Donna had googled business funding, my company name, Bonilla Management Faces had popped up,
she was impressed with my many different business funding programs, so Donna had scheduled a FREE CONSULTATION, a 15 Minute Phone Session for a couple of hours later that same day.
After Donna and I had spoke, we both had concluded that her business can best benefit from my Merchant Cash Advance Program and My Equipment Financing Program …
After Donna had submitted her application package, a couple hours later , I had nothing but good news for her.
I had informed her about her approval for both programs, which was enough capital to replace her damaged kitchen appliances and additional working capital to sustain her business cash flows until business traffic came back to enjoy her diners wonderful Caribbean dishes …
The very next morning, Donna was awaken with her iphone’s notifications loud beeps. She could not believe how fast that business funding came in …Â
She was funded from my lender straight into her business checking account. Nevertheless, Donna was so excited about my funding, that she had invited to eat for free anytime I came through Atlanta, Georgia …Â
She’s lucky that I’m in New York and not in Atlanta, personally, I would of been there every other day eating those roti and curry chicken dinner plates …
The Answer is Given …
The Moral of this Case Study was to show you that, YOU TOO, CAN GET FUNDED OF YOUR CELL, WITHOUT A COMPUTER …
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