Hooray!

Well, I woke up today to great news. (Actually, no, the phone call that woke me up was a dedicated server customer who was having DNS issues.) But right after that, I got a call from Wells Fargo. I’d previously applied for a line of credit for Simpli, and I had been anxiously awaiting for a call back. I got that call today, and great news! Simpli has been preliminarily (say that 5 times fast) apppproooooooooooooooved! for a $45,000 line of credit.

I have many things planned with the line of credit, but first and foremost it means I get to pull all the business debt out of my personal credit cards. Secondly, it means getting an office sometime in early 2005 (Brandon will benefit most from that; I’m used to working from home by now) and it also means signing that big contract with AboveNet for our bandwidth upgrade.

I should probably mention at this point that I fully expect Simpli to be in the red for 1-2 months while we get our new services cranked out. This line of credit was the break I’ve been looking for for a long time. Now I can finally roll new services out without having to worry about bleeding cash for a couple months. The revenue stream this opens up for us is definitely worth it.

We’re also signing a contract for true 24×7 support with response times defined by an SLA (most likely 1 hour no matter what time you submit the ticket), so that’s good news for all of our customers. This will also include 24×7 phone support, although we will continue to discourage calling on the phone (it’s just not an organized or efficient way to do support.)

More than double our 2004 revenue in 2005? That’s where I’m setting my goals, and this loan will make it possible. Bring it on!