Questions to establish lines of credit???

[Akil Kariym-Bey]

Whats going on BP family!!! My name is Akil, I've been a long time consumer first, or third time posting?

I am a new General Manager for Philcorp Solutions, a disaster relief/ construction and restoration company looking to expand here in Atlanta, Ga. What questions should I be asking my local credit union with regards to them extend me a line of credit to help fund some projects. 

I particularly like Ga's Own Credit Union due to they're new Green Loan which gives certain rebates, and $2-300 off closing costs. Any advice regarding this topic is welcome, thank you very much!

Philcor Solutions| Construction & Restoration|

Akil Kariym-Bey| General Manager|

Disaster Ruins, We Restore

[Nick Rutkowski]

Originally posted by @Akil Kariym-Bey:

Whats going on BP family!!! My name is Akil, I've been a long time consumer first, or third time posting?

I am a new General Manager for Philcorp Solutions, a disaster relief/ construction and restoration company looking to expand here in Atlanta, Ga. What questions should I be asking my local credit union with regards to them extend me a line of credit to help fund some projects. 

I particularly like Ga's Own Credit Union due to they're new Green Loan which gives certain rebates, and $2-300 off closing costs. Any advice regarding this topic is welcome, thank you very much!

Philcor Solutions| Construction & Restoration|

Akil Kariym-Bey| General Manager|

Disaster Ruins, We Restore

 Try explaining to your banker what you're trying to accomplish. Having a business plan or at least a direction would be a good start. Then I'd ask what kind of products would fit your plan, terms, down payments, etc. If you're looking to grab a business loan then ask what they'll need in order for you to apply. Each state is different, I'm from NY where I need have an established company and my lender looks at my 2 years of income. Each lender is different which is why you'll need to ask. The best thing you can do is set up accounts with your lender so ask what bank account would work best for your plan. Then just feel out your lender, are they a good fit for you personally? Are they behind your vision? Banking is a relationship based business.