Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Just starting your lawn care or landscaping business? > Starting a lawn care business.

Starting a lawn care business. How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.

Business Credit


Starting a lawn care business.

How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.
Reply
 
Thread Tools Search this Thread
  #1  
Old 04-09-2008, 08:16 PM
baglady baglady is offline
Members
 
Join Date: Aug 2007
Posts: 21
Rep Power: 10
baglady
Default

Just a quick question? What do you do when you need working cash? I have spoken with companies that for a fee will help establish business credit. Is this the way to go and should I pay an up front fee to get business credit. We certainly need some up front money. I am going to work on the business plan all next week and try to present it to a bank to get a loan. We need equipment. I don't want to be in debt though. Any suggestions. It is hard really getting ahead. We do good business but we put everything back in the business and find ourselves not really having a profit at the end of the season.

My husband also work a full time job as a correctional officer his first love is landscaping and we are trying to figure out how to get ahead enough that he can stop working and do the landscaping full time.
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 04-09-2008, 08:56 PM
UniversityLandscapers
Guest
 
Posts: n/a
Default

Lawn care business tipsLawn Care Business Book
It's probably a lot easier to get a loan than it is to find investors...and you're going to have to pay both back eventually, just with interest added on a loan.

What exactly do you mean when you say you can pay a fee to a company to establish business credit?



Reply With Quote
  #3  
Old 04-09-2008, 09:10 PM
baglady baglady is offline
Members
 
Join Date: Aug 2007
Posts: 21
Rep Power: 10
baglady
Default

There are companies that charge a fee to get you business credit. I have never used one. Looks like the going rate is $3,000.00. You pay $600.00 down and $300.00 a month but they will guarantee you at least $100,000.00 worth of credit at the end of the process. I keep asking them why not just take the $3,000.00 out of the credit line once I am awarded the credit. Of course none of them want to do that.
Reply With Quote
  #4  
Old 04-09-2008, 11:18 PM
FourSeasons FourSeasons is offline
Members
 
Join Date: Sep 2007
Age: 34
Posts: 558
Rep Power: 10
FourSeasons
Default

Quote:
Originally Posted by [b
Quote[/b] ]We need equipment. I don't want to be in debt though. Any suggestions.
Why dont you start out with what you can afford?
Are you going to be starting out on the weekends?
Or just jumping right into it full time?

I sold one of my cars I never drove to start my business.
But we cant all just start at the top. Sometimes you have to go with what you got and work your way up.

Now that the season has started I see alot of guys that are probably new driving around in trucks and mowers that arent that great, but they probably get the job done for now.

Do you already have the accounts to pay for the equipment your trying to finance or whatever?
__________________
Rob
Green Image Lawn & Landscape

\"If you don't feel the same way about Friday nights as you do Sunday nights, then you are not doing the right thing.\"
Reply With Quote
  #5  
Old 04-10-2008, 11:57 AM
onthegreen
Guest
 
Posts: n/a
Default

Hey i stared in the back of my wifes dodge magnum now i have a new white chevy with it all decaled out. Start with a mower a weedeater and work your way up .i'm still buying new equipment but now i'm doing landscaping and cleanups .........If you do work with what you own then the money you make is all yours!!!!!
Reply With Quote
  #6  
Old 04-10-2008, 12:43 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 38,067
Rep Power: 10
Steve has disabled reputation
Default

A little while back Rodman was talking on the forum how he built up his business credit by first getting a business credit card at Office Depot. Then he was able to get another credit card too.

If you would like to read more on his posts

Check these out and let me know if they help.

http://www.gophergraphics.com/forum....;t=7277

http://www.gophergraphics.com/forum....;t=7162

Could you give us a little insight into what equipment you need?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #7  
Old 04-11-2008, 07:54 PM
StartALawnCareBusiness's Avatar
StartALawnCareBusiness StartALawnCareBusiness is offline
Keith
 
Join Date: May 2007
Posts: 731
Rep Power: 0
StartALawnCareBusiness is on a distinguished road
Default

I started my business with a 22" push lawn mower in the back of my Chevy Chevette (anyone remember those) hatchback. Within a couple months I was able to purchase a truck, trailer, and a commercial walkbehind (all used) allowing me to begin bidding commercial contracts.

I am a huge believer in purchasing solid, quality equipment. But, there is no need to start with top-of-the-line equipment when you can't afford it. I bet if you took a survey of everyone who posts here, a good percentage of people started their businesses with less than $1000 worth of equipment.

To the original poster: Why on earth do you need $100,000 worth of credit? What are your equipment needs?

If you want to build credit, speak to your banker. Maybe you can get a $1000 loan for 90 days or 6 months to purchase a great quality weedeater, blower, and a decent starter lawn mower. Make your payments on time everytime. Your credit will surely build quicker than if you try to pay some company for good credit.

Apply for a commercial line of credit from Home Depot, Lowe's, or better yet from John Deere, Scag, or another lawn mower dealer.

Most importantly, consider your options carefully before going into debt to start your business. There are plenty of opportunities to start without dumping a huge sum of cash into business expenses.

Good luck:

Keith
__________________
Start a profitable lawn care business.
Reply With Quote
  #8  
Old 04-12-2008, 02:51 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 38,067
Rep Power: 10
Steve has disabled reputation
Default

Keith,

Thanks very much for your insight.

I would like to know what is on Baglady's equipment wish list and what is the need for the business credit now. Maybe writing it down will help to better formulate the business growth plan.
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Say Hello !!!
Steve
03-19-2007 11:18 AM
Today 01:01 AM
by myrlage
1,256 444,007
A quick Intro
BLE
08-14-2016 05:17 PM
Today 12:53 AM
by myrlage
3 1,280
Any successful one man...
WarriorLandscapingCAN
09-26-2016 06:04 AM
Yesterday 07:16 AM
by Chilehead
2 153
What were your top...
WarriorLandscapingCAN
09-13-2016 05:10 PM
09-26-2016 05:43 PM
by Steve
4 462
Enter to win Free...
arthur712
09-25-2016 11:28 AM
09-26-2016 05:41 PM
by Steve
1 139
I have a new show!
Chilehead
09-19-2016 06:50 PM
09-23-2016 05:45 AM
by Chilehead
7 225
First commercial estimate
WarriorLandscapingCAN
09-19-2016 12:42 PM
09-22-2016 05:42 PM
by acrajchel
7 241
Larger projects - Labor...
WarriorLandscapingCAN
09-18-2016 07:38 AM
09-21-2016 06:51 AM
by Chilehead
5 252
I need some business...
Firehouselawn@hotmail.com
07-06-2016 05:42 AM
09-16-2016 01:50 PM
by DLC123
5 715
Is it too late?
Cpadgett
05-28-2016 09:10 AM
09-16-2016 01:35 PM
by DLC123
15 1,428
Not a newbie just...
lwlawn
09-09-2016 02:32 PM
09-16-2016 01:25 PM
by DLC123
2 601
I'm making stupid money...
WarriorLandscapingCAN
08-07-2016 07:07 PM
09-16-2016 01:15 PM
by DLC123
6 1,495
Lawn problem
magiccc
09-14-2016 11:37 AM
09-15-2016 06:14 AM
by Chilehead
2 381
What kind of seed do you...
Bradcook21
09-02-2016 02:58 PM
09-12-2016 07:18 AM
by joshp
4 1,017
Commercial Flail Mower...
Chickenthief
09-05-2016 04:46 PM
09-09-2016 04:50 PM
by Steve
7 874
Newbie here
paulgrant
09-07-2016 04:52 PM
09-09-2016 12:01 AM
by paulgrant
2 712
Hello, New Member Here,...
Chickenthief
09-05-2016 06:19 PM
09-08-2016 09:35 PM
by Chickenthief
6 839
Pricing fall cleanups?
WarriorLandscapingCAN
09-06-2016 11:17 AM
09-07-2016 04:06 PM
by Steve
3 808
My Invention
biglee
01-11-2015 06:51 PM
08-31-2016 02:47 PM
by Steve
21 3,373
» Popular Tags
annual apartment become an entrepreneur best mower be your own boss bidding business business education business help business management complex contractor hacks contracts convention converting customer dethatcher edging entrepreneur entrepreneur education estimate estimates fuel problems fuel pump half moon blade intro introduction jjandm lawncare l.t.rich landscape landscape design landscaping landscaping design company landscaping richmond va landscping lawn lawncare lawnservice lowering grade marketing mulch planting raising grade residential lawn care richmond va richmond virginia lawn care seasonal snowblower snow plowing snow shovel sprayer start a business start a lawn care business start business start up toro timecutter townhome tree tree service video web design websites what to charge work from home z-max z-spray
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 10:59 PM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 10:59 PM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy