F
F.B.I
Guest
Hi,
Sorry for laying my problem on this forum, I just don't know what to do. My business has only been open since the 22 june 2007 and it is failling. I took out a 35,000 business loan to start up with
(only because I couldn't get the full amount of 55,000) and now have had to get another loan to fix the account and bring it into credit. That loan was for 17,000. I guess for a little history, I deal in IT. My shop comprises of an internet gaming cafe, computer repair, Computer retail shop, website design and a games room with all the latest gaming consoles on a 42" lcd tv. When I first started with getting the lease, I was told it would take about a month or too. Like a fool I went and got a loan so I could pay the solicitor and the auctioneer. 8 months later I finally got the lease but, 8 months of loan repyments have also come from the loan (it was eating on it's self). all said and done, when I finally got the shop open the only part that was bringing in an income was the internetgaming cafe and the games room. During the summer it had done better then expected, only having 10 computers, and was paying the rent (2,800 a month). Unfortunantly, I had no more money for the rest of the shop (signage, adverts, stock, etc.). Now that school has started, I can't even make rent. I have the only computer repair shop in my area, and place that has something for the kids to do. I just don't know what to do now. The kids love the place, on the weekends they are always waiting by the shop for me to open and sometimes even cheer. I know all of them by name. It is going to kill me to close the shop. i need help. Thanks for any replies.
Sorry for laying my problem on this forum, I just don't know what to do. My business has only been open since the 22 june 2007 and it is failling. I took out a 35,000 business loan to start up with
(only because I couldn't get the full amount of 55,000) and now have had to get another loan to fix the account and bring it into credit. That loan was for 17,000. I guess for a little history, I deal in IT. My shop comprises of an internet gaming cafe, computer repair, Computer retail shop, website design and a games room with all the latest gaming consoles on a 42" lcd tv. When I first started with getting the lease, I was told it would take about a month or too. Like a fool I went and got a loan so I could pay the solicitor and the auctioneer. 8 months later I finally got the lease but, 8 months of loan repyments have also come from the loan (it was eating on it's self). all said and done, when I finally got the shop open the only part that was bringing in an income was the internetgaming cafe and the games room. During the summer it had done better then expected, only having 10 computers, and was paying the rent (2,800 a month). Unfortunantly, I had no more money for the rest of the shop (signage, adverts, stock, etc.). Now that school has started, I can't even make rent. I have the only computer repair shop in my area, and place that has something for the kids to do. I just don't know what to do now. The kids love the place, on the weekends they are always waiting by the shop for me to open and sometimes even cheer. I know all of them by name. It is going to kill me to close the shop. i need help. Thanks for any replies.