Business Debts

Discussion in 'Lawn Mowing' started by tiedeman, Mar 12, 2004.

  1. tiedeman

    tiedeman LawnSite Fanatic
    from earth
    Posts: 8,745

    How many years did it take you to pay of all your debts for the business or are you still paying them off?
  2. promower

    promower LawnSite Bronze Member
    Posts: 1,232

    Still paying and the light at the end of the tunnel is pretty dim.
  3. tiedeman

    tiedeman LawnSite Fanatic
    from earth
    Posts: 8,745

    LOL....I know that feeling all too often
  4. mtdman

    mtdman LawnSite Gold Member
    Posts: 3,137

    My debts have been few, tried to purchase things with cash always. I do have a gas credit card and an mtd credit card with a few $$ on it, that's pretty much it.
  5. Avery

    Avery LawnSite Bronze Member
    Posts: 1,389

    It is a never ending process.
  6. tiedeman

    tiedeman LawnSite Fanatic
    from earth
    Posts: 8,745

    if any of you want to share, not exact figures, but what is your approx debts, $10,000+, $15,000+, $25,000+, etc.

    I will be honest, mine is approx $25,000+
  7. Rook00

    Rook00 LawnSite Member
    Posts: 73

    this year, will be $12,000 right of the bat, but I will have $14,000 in assets (all the equipment) plus the value of my clients. So keep it all in perspective :)
  8. MLI

    MLI LawnSite Senior Member
    from Ma
    Posts: 464

    25k+......and taking on more this Spring! Wooo Hoooo!!! NOT!
  9. jajwrigh

    jajwrigh LawnSite Bronze Member
    Male, from Martinsville, IN
    Posts: 1,405

    I am at about $3900! That is too much if you ask me! I am going to get everything paid off asap!
  10. MY PUPPY

    MY PUPPY LawnSite Member
    from mass.
    Posts: 43

    About 15K but I will pay off by end of season and do it all again
    next year just keep on growing!!!

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