I am a full-time employed designer. I also have been running my side business (men's accessories) close to 3 years now. So far so good!
Currently, I am working with a local factory, everything is produced here in NYC. However, to keep the cost down and more profit while all products are still produced in New York - I am planning to open a small workshop myself. In order to do that I need to buy some industrial equipments for my crew. Also the loan will be for cashflow on my business.
Once I have my own workshop, not only I will be able to reduce the cost to produce my collections. But I will be able to take more projects from small brands which I already have business relationships with. They are producing their products locally as well - this will be my additional revenue.
You can check out my website to see who I am www.wbthamm.com. Another hobby business I have is an Ebay seller. Here, please check it out my store http://stores.ebay.com/brokegirlscloset/