I intend to repay the loan within 6-12 mos but want to ensure I have enough capital for the following:
1. Bulk Purchasing Power
3. Cost of doing business - currently $325 but will add automation subscriptions which will bring the cost of doing business to about $500 until I am earning enough to upgrade further.
4. Staffing - Plan to hire 2 Virtual Assistants. One for admin, data entry, social media updates and a technical VA to ensure everything is running optimally and to expand my business with additional niche sites and general merchandise. Niche site opening May 2 - https://mm-publishing-and-marketplace.myshopify.com - It's a spirituality/religion site. Yoga, meditation, religious items, natural bath and body products, home decor, etc. Being held back due to lack of purchasing power to order products customers purchase so it comes out of my personal living expenses.