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Dentallabnetwork.com
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<blockquote data-quote="Affinity" data-source="post: 253798" data-attributes="member: 1246"><p>IMO I wouldnt look to a bank for a loan, especially as a startup, unless you have amazing credit and a ton of collateral. A home equity line would be better or even a credit card for only $20k, the less I have to go in a bank the better. </p><p></p><p>My dad always told me, 'There is no debtors prison' and I start to see what he means. Start an LLC, get a line of credit, dont look back. Although, I dont agree with using debt to start a business, too risky. Having said that, my lab is and has been debt free for awhile. Keep your overhead super low and you wont need to work as hard.</p></blockquote><p></p>
[QUOTE="Affinity, post: 253798, member: 1246"] IMO I wouldnt look to a bank for a loan, especially as a startup, unless you have amazing credit and a ton of collateral. A home equity line would be better or even a credit card for only $20k, the less I have to go in a bank the better. My dad always told me, 'There is no debtors prison' and I start to see what he means. Start an LLC, get a line of credit, dont look back. Although, I dont agree with using debt to start a business, too risky. Having said that, my lab is and has been debt free for awhile. Keep your overhead super low and you wont need to work as hard. [/QUOTE]
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