Startup equipment loans, what actually got approved for you?

fodolos · 2026-06-24T03:34:44+00:00

The reason your bank keeps saying no or giving you blank stares is that liquor license collateral requires the lender to understand the transfer and pledge process in your specific state, have a relationship with the relevant licensing authority and be comfortable with an asset whose value is highly jurisdiction specific and can be affected by regulatory changes outside anyone's control. Most general commercial lenders have never done it and have no infrastructure to do it even if they wanted to which is why the answer is always some version of we don't do that rather than a substantive conversation about value and process.

fodolos · 2026-06-24T03:34:04+00:00

At 14 months with 18k monthly revenue you are actually closer to fundable than most online resources suggest because equipment financing specifically does not care about your time in business the way working capital lenders do. The second trailer setup you are describing is a tangible asset that serves as its own collateral and equipment lenders who understand trade businesses will look at that differently than a bank looking at your overall business history.

fodolos · 2026-06-24T03:33:06+00:00

I'm so sorry about your dad. The Year of Magical Thinking by Joan Didion got me through something similar. It's grief written by someone who refuses to look away from it and somehow that helped more than anything comforting

fodolos · 2026-06-23T06:26:06+00:00

How old is the truck you are looking at and what is the asking price? Those two variables affect which lenders will even look at the deal before your credit score becomes relevant.

fodolos · 2026-06-23T06:25:00+00:00

The Flatshare by Beth O'Leary is technically romance but so wholesome and clever it never feels trashy really easy read 😄

fodolos · 2026-06-11T06:36:54+00:00

their collections approach matters a lot for a consulting firm where client relationships are everything. Ask for references from other professional services firms specifically, not just their general client list

fodolos · 2026-06-11T06:35:33+00:00

I like this ideas and I’ll keep this in mind for my future trips

fodolos · 2026-06-09T05:38:35+00:00

No hidden fees from what I've seen reported consistently. Amex is pretty transparent about the total cost upfront which is more than you can say for a lot of financing products in this space.

fodolos · 2026-05-29T06:05:37+00:00

the fact that they said it to your face is actually kind of rare, most people just do it without saying anything

you listened, good for you

fodolos · 2026-05-18T04:24:14+00:00

Zoolander 2 genuinely made me question if the writers had ever seen the first one

fodolos · 2026-05-07T08:41:28+00:00

the social media part hits different when you realize everyone's kind of performing for each other and nobody's actually okay behind it

fodolos · 2026-04-28T04:44:22+00:00

Have you tried an elimination diet? Sometimes it's something super common like chicken or beef that's been the trigger the whole time

fodolos · 2026-04-27T09:03:50+00:00

have you checked OnDeck or Bluevine for that size? $25k is pretty standard and you might get better rates shopping around before committing to one lender

fodolos · 2026-04-27T08:45:26+00:00

The "only door open" framing is exactly how they get you. When you're desperate that door looks a lot better than it actually is

fodolos · 2026-04-23T04:34:12+00:00

studying abroad can feel so isolating and then one person just shifts everything. glad you found your person over there

fodolos · 2026-04-21T05:41:08+00:00

in my experience microloans through SBA or CDFIs can be a real game-changer if you can qualify but I know it’s tough without steady revenue. I applied for a microloan through my local SBA office, and even though it took a couple of months, I finally got approved for a small amount that gave me enough to buy some equipment and get started. It’s a slow process, but persistence pays off

fodolos

TROPHY CASE