Originally posted by DJ Keith Porter:
</font><blockquote>quote:</font><hr />Originally posted by mhd:
</font><blockquote>quote:</font><hr />Originally posted by DJ Keith Porter:
OK Mark now that is in the faces of the masses can I get my Business loan now that I was well worthy of in 1998.
Yeah this same thing happened to me. Check the bullshit:
I have a tight business plan.
$10,000 in the bank and good credit,
My bank denied me and suggested I go to SBA (Small Business Association) Great!
I get there and sit & talk to THE MAN. He reviews my plan a little and goes straight to the projection, fine.
The projection shows that this business will mak money with minimum start up $75,000. He admits it.
Then the guy goes through all this bullshit about how hard it is to get this much money blah blah blah. I say well based on my projections this business is destine to profit in ½ year plus I have good credit and I have 7.5% of what I'm asking for in the bank.
He come up with this BS about my credit isn’t the best and & $10,000 isn't enough to contribute to a business. I said 10gs ant enough to contribute to a business? Huh. I said well how much would be acceptable and he says about $50,000. I said if I had $50,000 I probably wouldn't be here asking you for anything now would I.
At that point I asked to speak to his manager. He asked that I sit in the waiting area for his manager. Cool no big deal.
Mind you before I went into Mr. Jackass's office I met a white woman in the waiting area.
We began to exchange what our purposes were and hers was to open a coffee, book store combo. She told me she was asking for $90,000 and she had no savings so she was hoping that she would get the money. I said have $10,000 myself and I don't need that much money for what I want to do which she thought was an excellent idea.
So, as Mr. Jackass calls her into his office he say his manager will be about 1/2 hour. I said ok cool I'll wait. Who wouldn't wait 1/2hour for $75,000?
20 minutes goes by and the white chick comes out with a big Ronald Mc Donald smile and all I could say was congratulations and good luck.
Now the manager finally comes to talk to me. After all that time waiting for his ass all he has to say is, that he spoke to Mr. Jackass and he doesn't feel its a concrete investment. I said that’s what he told me too. I then suggested that he look at my plan and projections.
He said he doesn't have to look at it because Mr. Jackass told him about them and he relies on him to make the best decisions for this SBA branch.
I said so why did I wait for you all this time? I said you are of no help to my situation. You are not even taking the time to reassure that my plan is worthy.
He says He can't make a decision over Mr. Jackass and I said well who is the manager here you or Mr. Jackass?
He brushed me off with I have a meeting in 2 minutes and he was sorry it didn't work out for me.
I was like ant this a bitch.
I later found the money to start the business with thelp of a blackman.
Yaaayy, yeah right, To only find out that he had underlying intentions which resulted in the failure and my departure of that business.
"LIFE GOES ON" Arnold Jarvis
graemlins/acclaim.gif keith, man, i am sorry to hear that, but unfortunately that is a typical scenario. sad part is that is the kind of thing that can really discourage someone, but its also the kind of thing that can inspire greatness. I hope you kept your dream alive because good ideas have a way of meeting good financing. there are some wise people on this board that may have some insight for you. let me know if i can help in any way </font>[/QUOTE]Its ok I finally got the money but it was just from the wrong person.
I’m hesitant to give my plan to anyone. I have set some guidelines that I now know better to cross.
Yes this type of thing could be discouraging but I believe if there is a will there is a way.
My dream is still alive but just not kicking like Bruce Lee at the moment.
Like they say everything happens for a reason and there is a time for everything.
I appreciate your interest and of course this in nothing to go in detail on a public forum.
If you think back to the summer I think we touch on this in Chicago.
We can discuss this in private so I can clearly see you P.O.V. and you can see mine. Hopefully we’ll accomplish something good!
graemlins/thumbsup.gif </font>[/QUOTE]agreed, brother,