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Updated over 1 year ago, 06/18/2023
Business LOC & Business Loans
Good morning BP family! I have a question that some of yall hopefully may be able to answer. Ive been trying to find and get approved for a business LOC/loan but I am having no luck in getting approved. The reason I keep getting denied is because I have "Real Estate" in my LLC name and also because the business im in is real estate. They keep telling me, because my business is related to the "real estate industry" I have to have properties already available to put up as collateral. So my question is, what type of industry is your LLC in to be able to get approved for a LOC/Loans? Thank you so much for yalls help.