[mofo1]

Hi Panini. I'm glad to see you made it here from the "dark side." You may have noticed that there is some harmony with this group. Not like that "other" site. Welcome.

[momoreg]

Dear snakelady,

I hope that you choose the name that YOU want. Panini had a great idea w/ the dba.

Hi Jeff

[Kimmie]

Just curious, what is DBA??

[W.DeBord]

Doing Business As. You business liesnse states you and the name of your business. You are doing business as....

Snakelady doing business as "Cakery" or what ever she names it.

[Kimmie]

Thanks Wendy.

[snakelady1]

Thanks to all for your support I love this site. The paperwork is done and on Monday we will submit them to the bank. I decided that I liked "A Crust Above" Bakery. So please think good thoughts for me on Monday in starting my own business

[Isa]

I really like the name you choose. I hope your bakery will be very successful!

Best of luck!

[momoreg]

Wow, Monday is a BIG day!! Best of luck to you!

[Anneke]

Keeping all my digits crossed for you. Best of luck! I have no doubt you'll do well!

[shroomgirl]

Congrats....let us hear your product list...I love to enjoy desserts viacariously

[LotusCakeStudio]

Another congratulations! It's jus exciting when people open their own bakeries. I hope to be joining you one day when I get my business legal. *throws confetti at you*

[snakelady1]

Darn it the bank said no thanks. I have a meeting with the county economic development corporation on Wednesday. There are still alot of options for me getting the financing for the bakery. So I am still trying to get the money. Wish me luck.

[W.DeBord]

Sorry snakelady, but keep to it you'll find a way! I have all my fingers and toes crossed wishing you great success....knock um dead. Hey there's more than one bank in this world.

[Isa]

I'm sorry to hear Snakelady. Hope you'll find a way to get the bakery. Ever thought of a silent partner...

[panini]

Snakelady,Tell us a little more about your business plan and financing. The first bank you go to is the starting point. Make sure your bank is the lender bank, if not, its like purchasing ins. Your just thrown into a pool which translate into a point system. You will always fail the point system with food service and start up. You may need to restructure you proposal as an extention of an already existing business or something creative. The word Start-up will bump you immediatly. These qurstions might be to personal to answer here but feel free to email if thats ok with the moderater. Are you putting up monies? Do you wish to sign personal guarantees? Are you trying to use equipment to collateralize the note. Did you use a program to help you with you business plan? Have you attained audits of comparable business? Are you going SBA? If you going SBA, make sure the bank can write the note.
Does your proposal have financials,P&L's,forcast, etc.? You will learn the tricks to approaching the banks, never talk up to them, always act as if this is a good investment for them and that you'll walk this across the street if they take it out of house. Get to personally know your loan person, make sure he or she is the one to stay with you from start to finish.
Unfortunately most institutions will require personal guarantees. I think it is best to establish a business, get legal on paper, and try to draw a line of credit. If you have investors, have them put up cds against a line. I keep comming back to a line because you only use what you need. If you can keep a good statis with a line for a year the bank will probably release the collateral. Seems like I'm rambling I know.
But the more rejection the better, that means your out there selling your idea.
panini