Events Planner Specializes
Line of Credit Events Planner Specializes
Author: Valerie Mellema
Date posted: 04.01.23

Located on the East Coast in a city filled with young professionals, one woman took destiny into her own hands to become an event planner. It was something she was passionate about and there were plenty of people around who needed someone to help them create exquisite events for their families, friends, and colleagues. As time went on, the owner of the event planning company realized she wanted to take on a new challenge. General event planning had always been exciting but she was beginning to find that she was most excited about weddings. The only problem was that specializing would require more work and a dose of extra funds.

Making the Right Decision

 

Events Planner specializes in diving headfirst into the realm of specialized wedding planning. Prompting the owner to pursue educational courses for mastering modern techniques and tools, a pursuit demanding time and financial investment. This endeavor would require both time and financial commitment. Furthermore, outfitting the event planning company to specialize in weddings would necessitate even more substantial funding.

Events Planner specializes in meticulous preparation. Instead of hastily embracing the initial business financing option, the owner dedicated time to researching essential requirements, available financing opportunities, and potential outcomes associated with each. Once all the information was available, she realized she could move forward with about $50,000. However, she also harbored uncertainties about whether a traditional small business loan was the right move for her circumstances.

Events Planner Specializes

Choosing the Best Financing Option

 

The financing options that stood out in this case included a business cash advance or a business line of credit, both providing substantial loan ranges and rapid funding. These viable options would enable the owner to swiftly initiate her education and promptly commence the enhancement of her wedding services’ marketing efforts.

After evaluating both alternatives, she ultimately opted for a business line of credit. This choice was fueled by the fact that funding was projected to occur within two days, and the terms included a two-year maturity and a reasonable interest rate. These aspects aligned well with the necessary flexibility she sought.

 

Furthermore, a line of credit presented an additional attractive advantage. Specifically, it would provide her with the necessary funds that could be utilized as needed, with interest applying solely to the utilized amount. Moreover, the line of credit would remain open, offering the potential utility for future endeavors.

Happy Days to Come

Ultimately, the line of credit emerged as the chosen solution. This pivotal development allowed the event planner to seamlessly embark on her journey towards becoming an exceptional wedding planner. Concretely, she wisely allocated a portion of the funds towards her education. Simultaneously, she directed the remainder of the funds towards enhancing her business, thereby effectively elevating the overall quality of services offered and successfully attracting a new wave of fresh clientele.

 

In the present day, the event planning company centers its attention predominantly on weddings and their associated events. As a result, the influx of new clients has significantly propelled the company’s growth. Moreover, the line of credit, which remains available, stands ready for any potential future expansion endeavors. Ultimately, these positive outcomes have effectively solidified a state of contentment and resounding success in the trajectory of the company.

Events Planner Specializes
About The Author | Valerie Mellema

Valerie has over 16 years of experience as a professional writer of blogs, eBooks, articles and press releases, with a focus on finance and alternative lending. Valerie resides with her family in Texas and is passionate about her horses.

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