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Spring start-up loans

Discussion in 'Business Operations' started by promower, May 30, 2005.

  1. promower

    promower LawnSite Bronze Member
    Messages: 1,232

    Who gets loans in the spring to get things going again. I'm in WI, by the end of the winter cash is getting tight. I bill 1st of the month, we generally get started by 2nd week in april. The month of May is always a killer for me, small landscape jobs keeps my help paid but trying to get through the first 7-8 weeks of spring is stressfull. Are spring loans normal for this business? I dont think I'm to bad at managing money, but starting my third year this year my expenses went way up, more then I anticipated, and having 20K or so in the bank would have eased my mind a lot.
  2. BCSteel

    BCSteel LawnSite Senior Member
    Messages: 876

    Maybe you need to re-evaluate your business structure to compensate for your working season?
  3. oldturf

    oldturf LawnSite Member
    Messages: 221

    I make it a point to leave enough in the business account to cover start up expenses and operating capital for the next year. I would hate to start each year in the hole with a new loan.
  4. rodfather

    rodfather LawnSite Fanatic
    Messages: 9,501

    We use a revolving credit line when necessary.

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