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Hopefully will be getting $20k-$30k in SBA loan. Already put $20k in (credit card). I need $5.5k/mo for mortgage, taxes, and childs/wife living--sub optimal f
by lloydarmbrust 17y ago
Hopefully will be getting $20k-$30k in SBA loan. Already put $20k in (credit card). I need $5.5k/mo for mortgage, taxes, and childs/wife living--sub optimal for "ramen" profitability. Also, mortgage only two-years old so no room for second mortgage although I do have a CR above 860.
- izak30 17y agoCool. I wasn't suggesting that you be irresponsible with your credit, especially given that it's not just _you_ taking the risk. But clearly you've though through your options, that's all I was getting at. That what you'd make, even in your first month of not being under normal employment would more than cover the minimum payment (and hopefully cover most of your expenses). CC isn't the best sort of debt, I understand that, but it's the one most readily accessible to most of us, especially when looking at small amounts and short terms. Have you guys looked into things like kickstarter? I'd be interested to see how well that could/does work for a startup, and not an art project.