This iReport is part of an assignment:
Your business: Is the financial crisis hitting home?
About this iReport
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Posted September 26, 2008
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Location
Dana Point, California
Dana Point, California
Assignment
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Tough time for watersports wholesaler/retailer
We are an online bodyboard shop (boogie boards) retailer who recently opened a brick and mortar skate/bodyboard/surf shop just about one year ago. I also sell bodyboards wholesale. I get hundreds of thousands in orders from sporting good stores and surf shops but it is very difficult to fill orders with out credit lines which are near impossible to get. We did get one credit line last year for 25K. I paid it off within 3 months, but now they have frozen it! I have unreal opportunities but can't capitalize to my full potential because of lack of funds. I started everything I have with only 6 thousand dollars five years ago and am now doing close to one million in sales this year so I should not complain, but it could easily be 2 Million if I had access the funds! Support Please! My site is OC Surf Shop
- TAGS:
- economy,
- credit,
- crisis,
- economic_crisis,
- wall_street,
- website,
- cnn_money,
- small_business,
- bailout,
- ireport_for_cnn
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