This is a guest post by Jennifer Holloman, founder of hollomanafb.com. Jennifer is the owner of a successful construction company that makes custom furniture. She is also part of the team at the Financial Bloggers Network (FBN) and has been featured numerous times across the website and on their Facebook page.
The main reason why I have the blog is to share our financial experiences. I know our life is pretty unique and we are trying to do something unique within the construction industry, but I also don’t want to post stories of our financial struggles, which I’m sure is common. I’ll just tell you about how we used finance to grow our business.
I don’t know enough about the financial culture of our community so I hope you enjoy it.
I have to say that our blog is one of my favorite things on the website because I learn so much by talking about it with other construction professionals. By the end of this post, I’m sure you will too.
Since the very beginning, we have used finance as a way to grow our business. We took a big risk and had a ton of debt tied to our business. In fact, we had over 6 million dollars at the time we started, thanks to a loan from the Canadian government. Not surprisingly, we lost the loan twice in the first year. When we were able to get the loan reinstated, we were able to grow our business and pay off the loan.
This is where the mortgage aspect of finance comes into play. The loan is what allowed us to grow our business, but it was also a tool to help us pay off our debt. With a decent mortgage, we were able to pay off the loan and get our business back on track. The mortgage helped us to pay down our debt, but it was a tool to grow our business.
We are now living in a world where we aren’t able to pay off a mortgage and then we’ll start paying off the debt. This is where the “dumping” is a great way to help us pay off our debt and get back on track. We have a very simple idea: Buy a house, and you can sell it and return it to us. We were able to get the mortgage back on track by getting the loan back on time.
holloman finance is a good example. If you need a loan to buy a house, you can sell your own loan and get it back on track. This is a great idea for a person wanting to get their financial house in order.
This is an idea that is simple and easy to use. But it still requires a bit of thought, and we had to go through many phases to get our idea up and running. For many of us, this was the first home we’d ever bought. We had no idea how we would pay for it and we were scared to death of letting our bank get involved with it.