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Business that needs money / funding quickley

Leonardo1 · 2010-07-07 10:21:02

Looking for advise from business owners that are or have been in this position recently. Our business has a short term cash problem for the next 8 weeks. Bank not willing to give extra facilities, we are not eligible for Ent. Ireland funding and new investor cash is maybe 8-12 weeks from coming into play. In the mean time…

07-07-2010 10:21am

#1
Leonardo1

Closed Accounts Posts: 1 ✭

Join Date: July 2010

Posts: 0
Looking for advise from business owners that are or have been in this position recently. Our business has a short term cash problem for the next 8 weeks. Bank not willing to give extra facilities, we are not eligible for Ent. Ireland funding and new investor cash is maybe 8-12 weeks from coming into play. In the mean time wages, bills & suppliers have to be paid. Any other options we should be looking at for short term aid?

Tagged:

business

finance

banks

management

aid

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Comments

#2 07-07-2010 2:31pm

antoinolachtnai

Registered Users, Registered Users 2 Posts: 9,815 ✭✭✭

Join Date: January 2003

Posts: 9725

It depends on your specifics, but really, it sounds like you are going to have to cut a deal with your proposed investors. How about your suppliers or your customers - can they help?

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