Snowsports help and advice.

[Snowsports]

I'm own a snowsports distribution company in the UK.

The company started of as an LLP in Oct 06 then in June, my business partner desided snowsports were not his thing so pulled out. As of June 07 a Ltd company was formed.

I have spent the last 10 months doing PR and marketing for the Brands and have orders and eclusive distribution contracts signed and also a chance to supply one of the largest retail chains in the industry.

I have two problems.
Time). As yet I'm not taking an income out of the company and don't intend to for another 2 years. I work full time from home for a employer. This emables me to split my time and I use holiday and weekends for demos and sales visits. So. One option would be to find an investing partner with a love for snowsports like I have to help with the work load.
Finance). I have credit terms with one supplier and an agent for the other 2 brands that, for a 3% margin gives me credit terms. However when the goods get to the UK I then need to finance them and the growth of the company. The orders I have account for 25% of the stock. I've had two high street banks tell me my 3 year business plan is the best they've seen for a long time and offer me £45000 funding but, and its a big but. they want 50% secured on my property.
Problem with that is that I have a joint mortgage and my wife does not want to use that as security as we'd like to try and start a family soon. I have to respect the wishes of my wife.

Sorry for such a long winded first post, but any advice would be truely welcom.

Thanks

[Ian J]

Factoring could be a possible solution for you or a combination of trade finance and factoring maybe.

As you are a new company I doubt whether anyone would do it as unsecured lending but some would probably be happy with a just personal guarantee rather than a charge over your property.