Tonight, after all this time spent in developing the funding application, to refine hypotheses, to minimize the results to present income statements as "realistic" as possible tonight so I do not definitive answer regarding the financing of my recovery!
I learned this week OSEO Sofaris had refused to guarantee against on the grounds that the company had (I quote from the feedback I've had phone) a continuation plan (ongoing since 2000 with 6 maturities were settled in cash and 2 non-cash current ...) and a repayment capacity insufficient to meet the loan recovery.
When you hear that answer the phone after 6 months to have worked on the feasibility of taking over the business, it must be strong to want to continue undeterred! (for the fans buyers , Keep the faith at all times!)
That's what I did, determined to not give up!
I immediately made contact with the Regional Council to see if they had more information than me.
Hilary Ditch reminded me quickly, saying that a priori the case happened to be validated in OSEO Sofaris did not include the estimated (shame to have spent hours working on the study market ... and re-injury for the 5% growth assumed for the forecast 2007 but will become 10% in late September on current trends ...) .
Thursday I will present this time a complete dossier (including the backlog in mid-June and Billing 2007) OSEO Sofaris to try to get the response against collateral.
it is unpleasant to have to justify himself instead to devote his energies to the development of the company!
Do not ask Mr Sarkozy why TPE and French SMEs do not grow and that our economy is so bad.
We are thousands of entrepreneurs to give you a responses: lack of support (making minimum risk) when requesting funding!
Still, the bank continues to believe in the project and support me in my approach. I should be thanking the time comes. (you'll know which one it is when I finally finished the financing)
In fact, I also thanked "my" transferor for his support in this difficult phase.
Fortunately it's there and it confirmed my decision to send me the business when the dead-line exceeded. His support is crucial. He promised to write a "ticket" when we completed the sale.
great week and see you soon.
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