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Updated over 9 years ago,

User Stats

28
Posts
5
Votes
Ty Downing
  • Lender
  • Ponte Vedra, FL
5
Votes |
28
Posts

50,000 line of credit

Ty Downing
  • Lender
  • Ponte Vedra, FL
Posted

Starting a small business and the bank is willing to loan up to a $50,000 dollar line of credit with possibly a $50,000 dollar credit card. Interest rate on the line of credit is 1% plus prime and 5% plus prime for the card. Thoughts on what type of investing I should go from here ? I originally thought fix and flip with the line of credit, but am open to hearing about other creative options for Jacksonville, FL. Thanks in advance.

-Ty

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