Reply #7: I don't have your experience [View All]

[quaker bill]

Credit Unions generally can offer higher returns on savings and lower interest on loans because they are very conservative lenders. As a very small business owner, I get offers of financing every week, most far too expensive, and all of them from the major banks. The Credit Union might loan me money, because I do all my banking there and have excellent credit, but they are not knocking on my door with offers.

I just don't do business on credit. I loaned the business the modest startup costs out of my own savings and have paid back most of that principle while reinvesting the rest of the proceeds in equipment and inventory. I might even cut myself another paycheck before Christmas....