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Updated over 6 years ago on . Most recent reply

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12
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0
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Michael Wexler
  • Swedesboro, NJ
0
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12
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How to Build a Business Line of Credit

Michael Wexler
  • Swedesboro, NJ
Posted

I have an LLC that is 6 yrs old but has never been used. I have an EIN and a DUNS #. My question is how and where can I go to start building a cash business line of credit of at least $50,000?

I have been online looking at different companies and none of them seem legit.  I have even been scammed of $2500 already to help me with this.

Any info on a legitimate program or service that can help me would be great.

Most Popular Reply

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109
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76
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Michael Worley
  • Investor
  • Carrollton, TX
76
Votes |
109
Posts
Michael Worley
  • Investor
  • Carrollton, TX
Replied

There is a line of reasoning on some message boards that you can establish a business credit profile and not have to borrow money in your own name once you get established. I can tell you that most of the people that say that aren't speaking from experience. Any business that finances working capital, term loans for cap ex or real estate almost always signs a personal guarantee.

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