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Old 03-09-2014, 02:22 PM   #188
elarson5757
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Originally Posted by 2ss-booya View Post
Why shouldn't I google them? It's public information...and frankly, my tax dollars that went to their loan as well. I was simply providing the information I found out of curiosity and one shouldn't always believe what they hear directly from the company...I mean did you really think that pfadt would come out and say..."Well guys screw it...we're going under...and those guys that ordered product...well you're screwed. Have a nice day" ?

Think you need to re-read. What I said was essentially don't google them and take what you find as fact and or draw your own conclusions. This is especially true if you have never been a business owner and this may not know anything about lines of credit, business loans, payment terms, etc etc etc.
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Old 03-09-2014, 05:52 PM   #189
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What business can you start for $5000 today? A hot dog cart costs more probably just in government taxes licenses and fees.

Still the best country on earth but I fear the "land of opportunity" will need to be renamed "land of the handout".

Its sad.
The Pfadt situation aside, you can start plenty of businesses for under $5000 still today…especially service or non brick and motor retail businesses. I am willing to bet more vendors on this site started with less than $5000 than more than that. Manufacturing used to be the one thing that required a crap ton of money and investment to do. Now that is even passing. If you go to SEMA, there is row upon row of Chinese manufacturers looking for an American to peddle their wares.

It's not hard to start a business. The problem is, most of the people who start businesses do so because they want to spend their lives doing something they love…NOT because they have a clue what they are doing.
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Old 03-09-2014, 06:24 PM   #190
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It's all about credit in order to obtain the Benjamin's... Too bad I really wanted the Pfadt 2010+ Camaro Road Racing Kit - Stage 5. I have looked at others and wasn't that empressed with the overall quality, nothing will compare to Pfadt.
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Old 03-09-2014, 11:42 PM   #191
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Originally Posted by elarson5757 View Post
Think you need to re-read. What I said was essentially don't google them and take what you find as fact and or draw your own conclusions. This is especially true if you have never been a business owner and this may not know anything about lines of credit, business loans, payment terms, etc etc etc.
I understand what you're saying...though to be honest... If I am not allowed to do my own research and draw my own conclusions and opinions..then what am I allowed to do? Am I only supposed to believe what Pfadt says? My point was to simply look at the bigger picture here coming from a business that started in 2006 (very young), and as they say there are always two sides to a story. Nevertheless it is still unfortunate that they closed their doors...their parts were well made.

In addition, why would you suspect that a government site that lists SBA loan information to not be as close to fact as possible?

On another note, I manage a family business that was founded in 1983...so I've had my fair share of education on lines of credit, business loans, payment terms etc etc.
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Old 03-10-2014, 12:39 PM   #192
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Originally Posted by MarylandSpeed View Post
The Pfadt situation aside, you can start plenty of businesses for under $5000 still today…especially service or non brick and motor retail businesses. I am willing to bet more vendors on this site started with less than $5000 than more than that. Manufacturing used to be the one thing that required a crap ton of money and investment to do. Now that is even passing. If you go to SEMA, there is row upon row of Chinese manufacturers looking for an American to peddle their wares.

It's not hard to start a business. The problem is, most of the people who start businesses do so because they want to spend their lives doing something they love…NOT because they have a clue what they are doing.
Nail on the head!

I started SNL Performance and Monster Clutch Co. for less than $5k and in a storage facility, I've since turned this into a multi-million dollar venture. I also don't live frivolously through my shops bank account. (not saying the guys at Pfadt did this btw) I have a small house, and I just bought a new car for the first time in almost a decade. I like the simple things in life, I don't need a ton of material things to make me happy and I believe that's why we are the way we are. Hell, I'm the third lowest paid person on my staff. LOL

We have no loans either, everything we do is paid in cash - this is both a good and bad thing.

Running your own business is a large venture, many don't realize what's involved, even though they think they do. It's incredibly tough.
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Old 03-11-2014, 07:19 PM   #193
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Holy crap. I don't log in for a couple of weeks and then when I do I see this. I feel like someone I know and care about just died. I am so glad I got my PFADT ZL spec front and rear sways and drop springs during the black Friday sale. These parts are my favorite mods so far. Thanks for all you have done for us PFADT and I wish you all the best and a Phoenix like rebound.
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Old 03-11-2014, 11:39 PM   #194
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Regardless of the situation, it sucks seeing a quality GM aftermarket outlet fail. But someone else will emerge from others struggles, demand is still there.
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Old 03-12-2014, 03:50 AM   #195
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Regardless of the situation, it sucks seeing a quality GM aftermarket outlet fail. But someone else will emerge from others struggles, demand is still there.
^^ This
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Old 03-18-2014, 02:54 AM   #196
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Glad I was able to purchase your finest ZL1...it is in good hands.
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Old 04-01-2014, 05:48 PM   #197
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I had one of my Pfadt racing ZL-spec rear sway bar brackets fall off while driving!! What do I do now!?? I've sent emails to both phastek and Pfadt but no response yet. I'm worried I won't be able to get a replacement. If anyone could help id greatly appreciate it. If I can't get one from Pfadt what do I do!?? Man I hate to hear they've gone out of business. I was really looking forward to buying more parts from them.
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Old 04-01-2014, 06:06 PM   #198
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I had one of my Pfadt racing ZL-spec rear sway bar brackets fall off while driving!! What do I do now!?? I've sent emails to both phastek and Pfadt but no response yet. I'm worried I won't be able to get a replacement. If anyone could help id greatly appreciate it. If I can't get one from Pfadt what do I do!?? Man I hate to hear they've gone out of business. I was really looking forward to buying more parts from them.

Gonna have to get lucky bro and search if anyone has a pair they don't want. There is no way you will be able to get a replacement from phatesk or pfadt. All there products they had are long gone.
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Old 04-09-2014, 11:28 AM   #199
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LOL. "We have to close because we are too busy". Said no business ever.

Doesn't matter how many orders you have, you need to prove you are profitable. If you can do that, investors will be jumping all over themselves to help you expand.
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Old 04-09-2014, 12:17 PM   #200
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LOL. "We have to close because we are too busy". Said no business ever.

Doesn't matter how many orders you have, you need to prove you are profitable. If you can do that, investors will be jumping all over themselves to help you expand.
Trust me as a business owner it's takes a shit load of capital to keep a small business going and Investors are not jumping all over themselves to invest in small business especially a start up like Pfadt. I also think in Pfadt case they grew to fast and expanded there product line without enough working capital in the bank.

The trick is to slowly expand your product line so your sales help offset R&D of the new product. It also doesn't help when GM makes a design change and now you have re-engineer your current XYZ part so it works on the new model. Which now means you have to keep inventory on multiple models.

Then you have to figure out how many of each model year you should make and when you cut off production of the original part because of low sales.

So when they sad they closed because they were too busy I am certain this is a true statement. If you don't have enough common order to run like items together you can't go to production for 1 or 2 orders.
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Old 04-09-2014, 12:24 PM   #201
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I never got my sway bars or a refund...
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Old 04-09-2014, 12:31 PM   #202
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I never got my sway bars or a refund...
yep and that is the part that sucks. I a certain they were robbing Peter to pay Paul.

Trust me I have been in your shoe's and thankfully I paid with a credit card and was able to get a full refund from my Credit Card company.

and if you use Paypal make sure you always have them debit the funds from your credit card not your checking account or your paypal balance. It took almost a year for Paypal to refund the money I spent with Feather Carbon. What sucks is I talked with Tom and he said he had the parts in stock ready to ship but after he received my order and my money he said he would have to make the parts and needed 8 weeks to make them. After 6 months and still no parts I restarted the battle with Paypal and gave up on Paypal and requested a refund from my credit card company.
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Old 04-10-2014, 03:09 PM   #203
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Gonna have to get lucky bro and search if anyone has a pair they don't want. There is no way you will be able to get a replacement from phatesk or pfadt. All there products they had are long gone.
I was able to find some from energy suspension. The ones i got are the exact same ones Pfadt used. They even have the same numbers imprinted in the bushing. Took me a few days to find the exact ones but I figured they didn't make their own bushings and brackets. Problem solved! loc-tite will be used on this set to prevent them from falling off again.
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Old 04-22-2014, 01:18 AM   #204
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Sucks!
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