A successful entrepreneur shares her thoughts on business success and failure.

Update on a bunch of older blog posts…


Thought I should post some updates here:

1) Wells Fargo line of credit. For those of you who are interested, this is a SBA-backed line. Having SBA backing is great since it gets you more money at a lower interest rate. The line is for $45,000 at 7.75% interest (WOW, that is a low interest rate; my jaw about hit the floor when they told me today.) It takes 10-14 days to go through the approval process. I am told I should have it within 7 days (I’ve already been working with them for more than a week.) The coolest thing is that there’s a Mastercard attached to it. A $45,000 Mastercard. Droooool.

2) Thanks to my SBA loan, I can remove my business debt from my personal credit cards. That means my personal credit cards will be free for more interesting things… like a hot tub. ๐Ÿ˜€ (I am not having it delivered until I come back from Christmas due to electricity costs, but it should be here at the end of December.)

3) I am still getting people asking, “Who is FG?” You all know FG as G—-. G—- is his middle name. F is his first initial. Hence, FG.

4) Why did I password an earlier blog post? No, there were no nasty comments posted. A friend said it might be a good idea to password it. You can contact me off-blog for more details.

5) What happened to that customer who was using 22Mbit of bandwidth? We think his backups were running through the main network, so we’re setting him up on his own switch and drop to the backup network (assuming he doesn’t have that already; we haven’t traced all the cables yet) and we’re going to revisit this in 7-10 days. He is OK with paying more, but I actually don’t think his total will go all the way to $1600+ a month. We’ll see once we get his cables rerouted and his switch online.

6) I’m headed back to IBI in 10 days (IBI starts on the 12th.) I am going straight from LA (where IBI is) to Indiana (where my parents are.) I am coming back on Tuesday the 28th in the evening. There will probably be very few blog updates in these 2+ weeks.

7) I am still working on my new book. I do not think it will be published for at least a few years, but you guys will be the first to know when it is. ๐Ÿ™‚

8) Watch for two new Simpli subsidiary companies to come out no later than 1/31/2005. Yes, both of them will be online by then. Believe me. This loan made it possible and I intend to use it to the fullest degree.



Welcome to erica.biz!

Photo of Erica Douglass

I'm Erica Douglass.
After selling my online business at age 26 for over $1 million, I created this blog to help you grow your own business quickly.

If you are motivated to change the world and want to learn from my successes (and failures!), please get my free business tips and join over 112,000 other monthly readers!

Join my community…

Featured In

logos

Work with Erica

CEO Coaching
I coach only a handful of top business owners every quarter. If your business is making 6 or 7 figures a year and you're ready to take it to the next level, apply here. »

Popular Posts on erica.biz