We searched the Internet for ideas on how to write a Business Plan, met with SCORE and SBA. Then after several months the 30 page plan was ready for the Investors. The two gentlemen from SCORE were so encouraging and said that was the best business plan they had ever seen. The first bank loan officer saw THE PLAN and was amazed, said it was the best business plan they had ever seen, but they had to present this to their investors. So we found us a decent place, that meant it was cheap, would take a lot of elbow grease to make it suitable so we told the land lord depending on the final word from the bank, we would take it. Then we were visited by three distributors: Checker, Brewer, and Moda/United Notions.  We looked at suitecases full of fabric, patterns, notions, books, you name it we saw it. After each visit our excitement grew and grew. Both owners were contacted and the Investors would not agree to loan money "to two women, with a hair brained idea to quilt, with no collateral except the mechandise" (this was our perspective of why we were refused a loan) unless both husbands co-signed and put our homes up for collateral. What? The SBA is for starting and small businesses that otherwise would not obtain a loan with little collateral. NO, we had to have twice the collateral of what we requested the loan for!! Well, no thank you banker man we will try another, then another, then another. You get the drift. No one would give us a loan for our quilt shop. Even though we had the best Business Plan they ever saw. Later.

---

Comments

No one has commented yet.