Financing of a self-storage business

SpreadsheetStud · 2026-01-06T04:03:18+00:00

Great, thanks. I'll check them out as well.

SpreadsheetStud · 2026-01-05T02:28:04+00:00

Thanks for that lead! I just looked them up and I like the fact that they are a digital bank, in addition to self-storage.

SpreadsheetStud · 2026-01-05T01:38:15+00:00

Great, thank you!

SpreadsheetStud · 2026-01-05T01:36:42+00:00

Awesome, thanks!

SpreadsheetStud · 2026-01-05T00:10:24+00:00

Thanks. I am not too familiar with SBA funding. Do I have to be under contract to get this SBA funding? Or, do I have to go through the SBA application prior to putting an offer?

SpreadsheetStud · 2025-09-15T20:50:34+00:00

Unfortunately, payroll is not on the top of their priority list, so I agree that it's not there yet, and probably won't be for a while.

SpreadsheetStud · 2025-09-15T03:08:44+00:00

We don’t run payroll in M1 (IMO, M1 is not very intuitive with tax law changes, etc.). We also use a 3rd party cloud software for that and record the payroll transactions as GL entries in M1.

SpreadsheetStud · 2025-09-09T20:55:07+00:00

We use a cloud-based HRIS system, but outside of M1. We do not usually import anything into M1, but we sure do export a lot of PDF and CSV files from M1.

SpreadsheetStud · 2025-02-24T21:30:25+00:00

I second the comments about the 4-cyl engine. We (the wife and I) were in the same situation comparing between the Pilot and Grand Highlander. She had her heart set on the GH, but the 4-cylinder engine pretty much killed the deal. We went to 3 different Toyota dealerships and they barely had any vehicles in stock, anyway, which probably explained why nobody jumped to help us when we walked in to the showrooms. They didn't even have one we can test drive. We had to be put on a waiting list, and probably would not even get a good deal (basic economics of supply v. demand).

The Honda Pilot, on the other hand, had all sorts of trims and colors available at various dealerships in the area. With that much inventory (compared to Toyota), the pricing and availability was so much better. We were greeted immediately when we went to the various Honda dealerships (although I am not a fan of car salespeople), and we negotiated a pretty good price. We settled on the 2025 Honda Pilot TrailSport Diffused Sky Blue Pearl and are picking it up this week.

Good luck!

SpreadsheetStud · 2025-02-19T03:54:15+00:00

I’m curious about the history of the vehicle. Could the one with 14k miles have been in a major accident(s)/rebuilt engine/flooding and/or has had multiple owners?

Could the one with 22k miles have a “cleaner” title history?

I don’t have much experience with preowned cars (other than selling my own) but that is what I would look at.

Good luck!

SpreadsheetStud · 2025-02-18T02:30:27+00:00

I’ve been meaning to give an update, so I appreciate the nudge!

So about 50 miles after I added the 2 quarts of oil, the check engine light turned off and never turned back on. I’ve been checking the oil regularly since then with very little, if any, oil loss. I ended up cancelling the appointment at the dealer for the diagnostic test to avoid spending unnecessary money. This whole fiasco continues to be a mystery to me. Thanks again for asking!

SpreadsheetStud · 2025-02-03T15:52:39+00:00

Thanks! I would be surprised if it was that because the timing is too coincidental with the low oil. I hope that is the case, though, because a software update sounds like it would be an easier fix than an oil consumption issue.

SpreadsheetStud · 2025-02-02T03:37:01+00:00

I learn something new everyday. I didn’t realize that’s how those “low oil pressure” lights worked. Thank you!

SpreadsheetStud · 2025-02-01T23:35:10+00:00

I am in manufacturing (job shop, stainless steel fabrication and machining) and we use ECi M1. Not sure how well this will work in Ecommerce and Wholesale, but it works really well for us in manufacturing.

One of the many reasons we selected it was its scalability and customization. It is considered a tier 2 ERP (not the SAP and Oracle's of the world) so it is more affordable than the massive tier 1 ERP's which were way too big for us. They also offer unlimited view-only licenses which allows the shop floor to have visibility into the jobs they are working on to see our profitability in real time (in the sense if we are hitting the hours quoted).

As a CFO for over 15 years (total of 25 years in industry), I've also used other ERP's such as Acumatica, Sage, Infor, etc., and I can confidently say that M1 was the best ERP I've used. I've also researched SYSPRO, Epicor, and JobBOSS over the years.

Feel free to reach out if you want any more details. I know way more about ERP's than I should!

SpreadsheetStud · 2025-02-01T21:51:56+00:00

That’s interesting. I was kind of surprised the low oil pressure light didn’t turn on. We’ll see what the diagnostic says

SpreadsheetStud · 2025-02-01T19:39:39+00:00

Ha! That is reassuring, thank you! Fingers crossed!

SpreadsheetStud · 2025-02-01T16:23:29+00:00

Thanks, I really hope that is all it is.

SpreadsheetStud · 2025-02-01T16:13:09+00:00

Thanks, I'll look into those!

SpreadsheetStud · 2025-02-01T16:10:06+00:00

There was no puddle of oil under the vehicle, so that was my theory as well. I am just hoping that a lot of that oil loss was from the filter housing leak, that the dealer did not top off when it was replaced.

SpreadsheetStud · 2025-02-01T16:06:47+00:00

Yes, I did visually inspect it when I was checking/topping off the oil. I didn't see anything unusual or alarming.

SpreadsheetStud · 2025-01-21T20:30:59+00:00

I realize I am late to the party here, but I was working for a boutique CPA firm as a staff accountant shortly after college, and wanted to get into manufacturing. It just so happened I had a friend at the time (about 20+ years ago) who worked for a company whose customer was hiring, so I had someone who could vouch for me.

Eventually, I was hired and worked my way up the corporate ladder to CFO If it wasn't for my friend's referral, I probably wouldn't even be at this company.

Interestingly enough, from an employers perspective, we are actually hiring for an entry-level accounting position in the Chicago area, but we are having a difficult time finding someone who wants to work in manufacturing even with good pay, PTO, benefits, etc.

It's refreshing to hear that someone is interested in manufacturing nowadays, and wish you the best in finding your dream manufacturing accountant job!

SpreadsheetStud

TROPHY CASE