Single mom opens thrift store with a title loan
Monday, May 4th, 2009I just opened my very first business. I have opened a thrift store. It’s an eco-friendly thrift store where we actually take the clothing that we would usually send to the next good will and up-cycle it into amazing clothing.
I have had no means to start a business. I had nothing for electric, water, or even my business license. So I went and got a title loan so I could the $300 I need to start the business in order to start selling.
This was such a great thing for me. I went to my local lender and took out a $300 title loan. I showed them the clear car title, proof of employment, and of course they appraised the car and Oila I had the money I needed to start my business.
I paid the loan back in the first week and hopefully single mom will have money problems no more.