Line of Credit
But is Local Business Enough?
Being great at something will make a name for you and your brand. However, selling furniture to a small audience isn’t something that can sustain a person for the rest of their life. At first, things were excellent, and the furniture company grew with clients, leading to bringing on employees to handle the things the owner could not. But when you’re selling furniture that lasts for decades, most people aren’t going to be customers time and time again.
Expanding Beyond the Local Area with Financing
Making the decision to make more furniture, market beyond the local area, and work with shipping companies was a huge one. It made sense if the owner was going to succeed since demand in his local area was waning. However, he didn’t have the money needed to handle the process independently. After doing the math, he came up with a number. All the things that needed to be done could be handled with $650,000 worth of financing.