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What's the best way to raise cash ASAP for a mainstream venture?
This snow on the East coast has opened an opportunity for my mainstream property services business but I am not sure I can swing it without some financial help in the beginning. I have been in touch with a contracting firm that is promising 24/7 work for the next 4 weeks on as many machines as I can get a hold of. With 10 machines I can gross roughly $160k a week.... more machines more money obviously.. I have in place the machines it is a matter of helping them to get to this area with fuel and transport costs and then they are cool with net 30 on the labor and the rest. I am in negotiations with the project manager for more money for a fleet as large as I can get AND maybe 7days net on the first payment then net30 after that on the rest. Work may surpass 4 weeks with more snow on the forecast and freezing temps making it much harder to remove the snow.
I think if I could acquire $20k-$50k cash up front to foot the rental fees of the machines, some of the fuel, food, housing and labor costs to keep the crews I have started to get in place happy then this could be a huge boost for my company.
Please contact me with any offers. I am willing to pay back a premium rate within net 90 at the VERY latest but I really hate to even borrow from anyone so you would be top of my list. I am not looking to borrow from a loan shark, if this doesn't yield any results I will have to go back to trying my bank. I would be willing to meet if you are local and also willing to sign a contract you will hopefully have. Money will only be required once everything is a go, I will not take any if things aren't falling into place exactly how I want as I am not a risk taker with mine and especially with anyone elses money. If FEMA kicks in soon with disaster relief money and this extends past the 3-5 week mark I would be very willing to pay back double the initial investment.
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