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How Effective is My Business Plan
I am a frustrated established business owner trying desperately to keep pace with a competitive market. I`m currently sustaining my business expenses with my personal credit cards, and I have been doing so for quite some time. I have successfully maxed out each of my personal credit cards. Because of this situation, I am trying to get a loan in an effort to pay off all my personal credit cards and then, hopefully, be able to establish a business line of credit.However, I find that most banks view me as a considerable risk because of my maxed out credit cards, and each attempt I make to acquire a loan is denied.I am not quite ready to give up on my business. It is all I have.I believe that by paying off my personal credit card balances I will take the noose of the neck of my business.With a business line of credit, I will be able to allow my business an opportunity to stand on its own two feet. This is not how I planned to operate my business. But, it is what is actually happening.Any suggestions?
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