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I want to expand, approaching a bank for a loan.

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    armygreywolf started this thread.
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    You're right, it is a red flag, the same one the bank wondered. They asked me if I could afford to hire a full timer. They want to see me with an employee FIRST before expanding in equipment. Their reasoning, and something I agree on is that I am one person and can only operate one thing at a time. Additional equipment would be underutilized and thus...a waste of money for me and a waste of investment for them. This year I plan to change that. I still get steady wire streams in excess of 4,000 lbs a month...this won't change. My regular pickups constantly throw out a variety of wire and I produce even more on stripping down power supplies.



    Instead of all this, I think the best course of action is to store my shred on the property until value comes up high enough in two years (three if I have to wait that long) to use it on a major equipment purchase. In the meantime I can focus on my wholesale and refurbishing efforts. Should a granulator come up used I just cant pass up, I will buy it. I've done my research and will be using the wet shaker table process versus cyclone fans. Much less power consumption and better than 99.5% recovery on stranded telecom wire, which those who have granulators tell me is material not worth running because of how hard it is to recover not the actual percentage.
    WI ITAD LLC, IT Liquidation Services, we remarket, buy and sell scrap electronics No customer too large or small!

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