Twice I had a business decision to make when I was offered a credit line for my kitchen cabinetry manufacturing shop. Two times I accepted and failed to manage the loans properly. The horror story of missing payments and accumulating interest is an unpleasant memory that hopefully you will be able to learn from. Here’s my story.

What was the reason that I signed the contract in the first place? It was because the business was suffering from lack of revenue streaming in.

The Turning of the Financial Tornado that Wrecked my Credit

During slow business times, I would receive a deposit check from a customer and the bank would not cash it. There were several reasons for this.

1) I had recently bounced check or two.
2) The check was from an out of town bank.
3) There was not enough money in my account to cover the amount of the check.
read Line of Credit Cabinet Shop

Developing a business plan for starting a small cabinet shop is critical. Setting up the company requires marketing, insurance, and financial planning. Fabrication, sales, design, estimating, and installation will be a few of the hats you will wear.

I always start every new venture by making a list or brainstorming if you will. The form should include items such as read Business Plan Cabinet Shop