Pack Label Tie
Posted by admin on Thursday, September 2, 2010 · Leave a Comment
I need to borrow money (working capital), but do not have mortgage/collateral.?
We sell lubricants re-packed from bulk package into smaller pack-sizes under our own private-label (Superlube) in Bangladesh, since July 1991.
We had 80 employees at the peak of our business (2000-2004) which has now dwindled to 40 employees, mainly due to the fact that a lot of our money ($165,371.00) tied up as outstanding dues from 814 customers out of 4367 customers.
We need urgent cash loan or credit-supply of specialised lubricants in bulk to continue with our business, which would help stop further retrenching of our employees. The Banks here in Bangladesh have very high interest rates 15%-25% per year and also they won’t pay loan without mortgage/collateral.
Would appreciate Joint-Venture proposal as a last resort. Our Turnover is in average $230,409.93 per year in the last 15 years. Any idea as to how we can overcome this temporary inconvenience?
Yes, may be u do this already, if not, start to give 7 % discount for payment on the spot. PLus give 4% discount for payment within 2 to 15days. after a month charge a some percentage. Tell your clients that u pay so much interest for money they are blocking. (u will lose little bisuness in the beg. but in the long run the market will do the same)
For now call all clients and tell them they will receive a 4% discount if they make the payment in 2 weeks after that they will be charged the bank rate or something u think is appriopriate. But dont be scared, If your product, price and service is good, lost customers will be back. have some patience also. start contacting some other sellers and tell them to do the same.
Items Recently Purchased:
1 Pack String Price Tag Label Tie Display 0.91x0.71" FASHION, 4in Zip Ties with Labeling Plate 100 Pack, US AIRWAYS Tie Tac Collar Label Pin USA Travel Pack, Souvenir Socks & Booklet, 1 Pack Label Tie String Price Display Tag Tags 25x16mm CHIC, Pack Label Tie String Price Tags Tag Display 25x16mm FASHION, 2 Packs Label Tie String Price Tag Tags Display 23x18mm HOT, Pack Label Tie String Price Tag Jewelry Display 23x14mm HOT, Pack White String Price Tag Label Tie Display 23x14mm FASHION, Pack White Label Tie String Price Tags Display 23x14mm CHIC, 2X Pack Label Tie String Price Display Tags 0.9x0.7" CHIC, 2X Packs Label Tie String Price Display Tags 0.9x0.7" CHIC, 2X Pack Label Tie String Price Tag Tags Display 23x14mm HOT, 2 Packs Label Tie String Price Tags Display 0.91x0.55" CHIC, 1X Pack Label Tie String Price Display Tag Tags 23x18mm CHIC, 2 Pack White Label Tie String Price Tag Display 23x18mm FASHION, 1X Pack Label Tie String Price Tags Tag Display 25x18mm FASHION, Pack Label Tie String Price Tag Jewelry Display 23x18mm HOT, 2X Packs Label Tie String Price Tags Display 23x18mm FASHION, 2 Pack Label Tie String Price Tags Display 0.91x0.55" FASHION, 100 PACK 4 INCH MARKER LABEL ZIP CABLE TIES 18 lbs Black *NEW*, Pack White Label Tie String Price Tag Display 23x18mm CHIC, 1 Pack Label Tie String Price Tag Tags Display 23x18mm HOT, Pack Label Tie String Price Display Tag Tags 25x18mm CHIC, 1X Pack Label Tie String Price Display Tags 0.9x0.7" FASHION, 1 Pack Label Tie String Price Tag Tags Display 25x18mm HOT, 2 Pack Label Tie String Price Tag Tags Display 23x18mm HOT, 500 PACK 8 INCH MARKER LABEL ZIP CABLE TIES WRAPS 50 LBS WHITE 8", 500 PACK 8 INCH MARKER LABEL ZIP CABLE TIES WRAPS 50 LBS BLACK 8", 1000 PACK 4 INCH MARKER LABEL ZIP CABLE TIES WRAPS 18 LBS BLACK 4", 1000 PACK 4 INCH MARKER LABEL ZIP CABLE TIES WRAPS 18 LBS WHITE 4", 500 PACK 4 INCH MARKER LABEL ZIP CABLE TIES WRAPS 18 LBS WHITE 4", 500 PACK 4 INCH MARKER LABEL ZIP CABLE TIES WRAPS 18 LBS BLACK 4", 100 PACK 8 INCH MARKER LABEL ZIP CABLE TIES 50 lbs Black / White, 100 PACK 4 INCH MARKER LABEL ZIP CABLE TIES 18 lbs Black / White, Rip-tie Unitag 1.5in. Label Plates, 10-pack, Rip-tie Unitag 2 In. Label Plates, 10-pack,
