[Noisebridge-discuss] noisebridge credit line - cashflow cushion / lasercutter

Ryan Rawson ryanobjc at gmail.com
Mon Jan 10 16:23:52 PST 2011


have we forgotten the lessons of 2008 and cheap/easy credit already?

noisebridge is not a business, should not be a business, and also
should not be run as a business.

I think the solution to the "we dont have enough money" problem was
handled in a good manner, and now the problem is over.

Done and done.



On Mon, Jan 10, 2011 at 3:59 PM, Patrick Keys <citizenkeys at gmail.com> wrote:
> Noisebridge needs a corporate line of credit at the bank.
>
> Here's how any business with any sense would do this:
> 1) Make an itemized list of all the expensive stuff you already have
> here.  Those are called fixed assets.
> 2) Take your average bank balance.  That's a liquid asset.
> 3) Use the assets as collateral for the line of credit.
> 4) Use the line of credit to increase assets and manage cashflow.
>
> Go to the bank and get a credit line.  The best time to get one is when
> you don't need it.  Use the credit line for emergencies, like the risk
> of eviction.  Also use it to attract more people here by buying cool
> expensive toys, like the laser cutter.
>
> Instead of paying for the laser cutter all at once, you buy it on a
> lease-with-buyout-option like Josh mentioned.  That lets you spend less
> cash upfront and keep that cash to manage your cashflow.  That extra
> cash pays the rent, keeps the lights on, and keeps you from having your
> back against the wall whenever the bills come in.
>
> Seriously... go get a damn credit line already.
>
>
>
> Patrick
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>


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