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Updated over 5 years ago on . Most recent reply

User Stats

13
Posts
2
Votes
Antwan Smith
  • Real Estate Investor
  • suitland
2
Votes |
13
Posts

Need a Business Line of Credit

Antwan Smith
  • Real Estate Investor
  • suitland
Posted

Do any one know in good source to get unsecured business line of credit. Newly formed LLC need quick cash and don't want to use hardmoney lenders to get into deals. FICo 738

Most Popular Reply

User Stats

38
Posts
6
Votes
Emma Watson
  • Investment Banker
  • Los Angeles, CA
6
Votes |
38
Posts
Emma Watson
  • Investment Banker
  • Los Angeles, CA
Replied

Lines of credit will be helpful in situations where there will be repeated money outlays, but the amounts may not be known upfront and/or the vendors may not accept credit cards, and in situations that need large money deposits – weddings being one good example. Likewise, lines of credit have been usually quite common during the housing boom to fund home improvement or improvement projects – people would frequently get a mortgage to buy the dwelling and simultaneously get a line of credit to help fund whatever renovations or remodeling were required.

Read more info here

http://www.bizbest.com/how-to-get-a-small-business-line-of-credit/

https://www.businessloans.com/guide/business-line-of-credit/

https://merchcash.com/what-is-a-merchant-cash-advance

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