CR Limit raise Came Through!

iVillage Member
Registered: 11-14-2008
CR Limit raise Came Through!
7
Mon, 11-30-2009 - 4:11pm

Woooohoooo!!(in the words of my friend BEX!) Or Was it Woot Woot?? LOL!

I talked to the bank today and my credit line limit raise for my business came through! I have to go sign papers Wednesday. I am so relieved. Of course the goal is to not use it, but just in case it is there!

My account manager said they are taking 5,000 off my business visa limit which is fine. I have 15,000 and never use more than 1000 (and always pay it off)because my vendors don't take visa. That was a useless form of credit for me. This is so much better.

I feel so much better about all the booze I ordered! I know I can sell it. In fact quite a bit has sold already, I might need more! What a perfect opportunity to grow my business this year. Last year I really had to be careful what I ordered and ran out of things. I am so interested to see what my sales for December will be!

I still have my efund but would really like to keep my business and personal separate. I could have almost one child's education money saved in a few months?? I will try to not get my hopes up to much and see how the winter goes. I will not make any decisions until Spring as originally planned.

Oh happy day!


iVillage Member
Registered: 10-01-2008
Mon, 11-30-2009 - 4:24pm

Sadly, credit is still what makes this old world twirl.

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 10-01-2009
Mon, 11-30-2009 - 4:58pm

Congratulations Gal...This is great news...


Maybe you can snowflake a little easier now...


Duke

iVillage Member
Registered: 07-14-2008
Mon, 11-30-2009 - 5:00pm
I'm sure that takes some of the pressure off. I agree with Norma that I hope your sales go well so that you don't have to use it. I can hear the enthusiasm in your voice about upcoming sales. I wish you only the best of luck. I admire your guts to start your own business!





iVillage Member
Registered: 04-12-2007
Mon, 11-30-2009 - 6:19pm

That is GREAT - congratulations!!!


Robyn


iVillage Member
Registered: 11-02-1999
Tue, 12-01-2009 - 8:55am
Excellent news! CONGRATS!









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iVillage Member
Registered: 04-10-2003
Tue, 12-01-2009 - 9:05am
I am so happy for you! I can hear the relief though the computer!! Yay! Here's hoping you can sell a ton of stuff and grow that business fast! Good for you!!!

Bex -


"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."


Bex -

iVillage Member
Registered: 11-14-2008
Tue, 12-01-2009 - 12:02pm

Norma,

This is how it works. The better the sales, the better the ebbs and flows of cash flow. Of course the goal is to be in the black some day and not need a credit line. I am just not there yet. But this really does help. I can't sell the product to make money if I don't have it. So I know that it seems silly on a certain level to be happy about more credit but it really is a needed evil. I will get in the black, I just need a few more years. Plus it will be even easier to get to the black when my ticker is gone!

Thanks guys!!