http://www.detailsinretail.com/blog/starting-a-business/starting-a-new-business-in-todays-economy/ In Business, it's all about the details... Thu, 29 Dec 2011 22:29:27 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.detailsinretail.com/blog/starting-a-business/starting-a-new-business-in-todays-economy/#comment-15 admin Mon, 24 Aug 2009 16:13:26 +0000 http://www.detailsinretail.com/blog/?p=611#comment-15 Here's Dr. Pan's reply: Having been opened for a couple of months, I am not yet profitable in a sustainable fashion other than being able to meet my essential expenses. The center is doing fine having had busy June and July. August, we are seeing a slow down perhaps due to last minute vacations. Regarding my loan, I did not receive an SBA loan. It was more attractive to get a business loan from the bank directly. Going through the SBA would have taken more time and with a less attractive interest rate. Here’s Dr. Pan’s reply: Having been opened for a couple of months, I am not yet profitable in a sustainable fashion other than being able to meet my essential expenses. The center is doing fine having had busy June and July. August, we are seeing a slow down perhaps due to last minute vacations. Regarding my loan, I did not receive an SBA loan. It was more attractive to get a business loan from the bank directly. Going through the SBA would have taken more time and with a less attractive interest rate.

]]> http://www.detailsinretail.com/blog/starting-a-business/starting-a-new-business-in-todays-economy/#comment-14 john Sun, 23 Aug 2009 19:41:30 +0000 http://www.detailsinretail.com/blog/?p=611#comment-14 I would like to know how Dr. Pan's center is doing now. Is he profitable? I also am interested if Dr. Pan received an SBA loan to fund his new venture. I would like to know how Dr. Pan’s center is doing now. Is he profitable? I also am interested if Dr. Pan received an SBA loan to fund his new venture.

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