John Lowrance
Lubbock, TX (USA)
Role(s):
Founder/Owner/Principal
N2 Promotions
Find More Startups
Startup
Location:
Lubbock
Industry:
Retail/Clothing
Year Founded:
2007
Number Employees:
1-10 people
Description:
After many years of selling promotional products and building relationships with clients, I decided to go out on a limb and start my own business doing the same. My dream became a reality in September of 2007; I started operating out of my home as “N2 Promotions”. Due mostly to previous marriages and some poor choices my wife and I don't have the greatest personal credit but am doing everything we can to repair the situation and make the best possible life for ourselves, our five children, and our five grandchildren. My new business did really well in 2007 generating over $60,000 sales in four months and generated over $220,000 in the year I’ve been in business with an approximate 45% profit margin (documented proof available). Due to my clients purchasing Christmas gifts I am approaching my most prosperous time of year. I am in need of a loan as soon as possible because I do not have the capital to place the orders I’ve already received. I feel like I am a good candidate because of my ability to pay quickly; projected sales for October through December is 80-90K (approximately 40K profit), along with my wife’s salary and end of year bonuses (2007 W-2 and current pay stub available upon request).