Commercial Loans Ny

Joseph asks…

aviation, continue or stop. help me?

i am attending dowling college and my major is airort manager and minor professional pilot. so the thing is i am paying tution by myself and no loans and tuition is 12k..but to have flight hours is roughly $350 for an hour and a half…and its ceratain licenses you need like ground, private pilot, instrumet, multi engine, and commercial…..it will come up to 45-50k… i cant afford it and ive been rejected many times by loans from differnt places….i wantedto be a commercial pilot but at the long run i feel like its not worth the investment…because my professor said they dont make money and not expect to have exotic car with a big house. he also said that you WILL be laidoff multiple times and will be in debt with college and flight time.
i want a 80k car and a million dollar house or so…i live in a rich area in NY suburbs and i am greatful but i want to do it aswell for my kids in future. so does anywhere in the aviation field make 200k+? i love to travel but is it worth it? Please please help!

admin answers:

I can’t see anyone making that much as a pilot unless they have been with a major airline for quite some time. My cousin is a pilot and he couldn’t even find a job for a couples years and when he did, he was only making about $20,000 a year. By the way as far as money goes, don’t expect to make that kind of money unless you are a lawyer or a doctor. Chances are you’ll never get that 80k car and million dollar house especially as a pilot. I’m going to school for aerospace engineering and even i don’t expect that kind of money even with engineering being one of the highest paid professions.

Lizzie asks…

should i continue the aviation field?

i am attending dowling college and my major is airort manager and minor professional pilot. so the thing is i am paying tution by myself and no loans and tuition is 12k..but to have flight hours is roughly $350 for an hour and a half…and its ceratain licenses you need like ground, private pilot, instrumet, multi engine, and commercial…..it will come up to 45-50k… i cant afford it and ive been rejected many times by loans from differnt places….i wantedto be a commercial pilot but at the long run i feel like its not worth the investment…because my professor said they dont make money and not expect to have exotic car with a big house. he also said that you WILL be laidoff multiple times and will be in debt with college and flight time.
i want a 80k car and a million dollar house or so…i live in a rich area in NY suburbs and i am greatful but i want to do it aswell for my kids in future. so does anywhere in the aviation field make 200k+? i love to travel but is it worth it? Please please help!

admin answers:

The only people in aviation who make $200k per year are the people who run the company. You’ll never see that kind of money as an airport manager or as a commercial pilot.

Maria asks…

Looking To Obtain Small Business Loan W/ Bad Credit.?

I just started up a commercial cleaning company up recently and at the moment it’s a home based business.I have bad credit but,I know I can get SOME kind of business loan even if it’s a couple of thousand dollars.I live in NY so can anyone point me in the right direction?There are Altot of upfront costs that we could use some assistance paying.

admin answers:

In today’s lending environment (08/2009), a managing member of the company needs to have a decent (680+ FICO) credit score to obtain a business cash line of credit or a business credit card.

If you can use a credit partner, then you can obtain thousands of dollars in business credit that will not show up on your credit partner’s personal credit report. The credit line will show up on your business credit report.

However, there are a few companies, like Staples and Home Depot and BP Gas (in NY) that will offer small lines of credit to your company (get the store card, not the visa/mastercard), without reviewing your personal credit score. This will allow you to get a couple of thousand dollars.

A company I found that offers cleaning supplies to business is www.cleaningstuff.net. You can pay by purchase order instead of paying upfront. Most likely, the full amount would be due in 30 days though.

Lastly, I recommend you get your business duns number. It is basically your business social security number. To obtain small business loans down the road, you will need to have this number and have a few business trade lines report to it; that you pay on time.

-Joe Lawrence
http://www.businesscreditworkshop.me

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