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Updated over 7 years ago,

User Stats

320
Posts
100
Votes
Kyle Penland
  • Investor
  • Dyersburg, TN
100
Votes |
320
Posts

Commercial Lending Help

Kyle Penland
  • Investor
  • Dyersburg, TN
Posted

Hi everyone! So far I own 7 SFR and have just purchased a restaurant. Ive owned the restaurant for a year and am looking for a large line of credit mainly so I can use half for the restaurant and the other half for REI. My local bank which used to give me unsecured lines of credit for one time use won't help me because my business has ZERO assets...I have nickle and dime stuff but nothing big that will amount to anything to put a lien on. But this business and I made great money last year. ....Anyone give me any insight or advice on where to go for commercial lines that will lend on a profitable biz? I am a LLC single member.