Funding real estate deals with business credit

[Jesse Dickens]

I am looking at using a company called Fund and Grow to finance either a local flip or an out-of-state rental. Fund and Grow applies and negotiates on your behalf to acquire unsecured business lines of credit for whatever you choose. They claim to average between $30,000-$80,000 on your first draw, but can eventually get you up towards the $200,000 range. These lines of credit typically have a 12-18 month window of 0% interest, allowing you to get in to a deal and then transfer the debt to something long term (or just sell if it's a flip). 

To actually use the funds for a RE purchase you have to go through a company that will essentially swipe your card and wire the funds to you for 2.75%. So it's not really 0% funding, but it's substantially less then using hard money. 

They have a fee up front as well, but this still seems like a really great tool for quick, relatively low interest funding for a project. 

Does anyone have any experience with using this type of funding? In particular, has anyone ever used this company?

Thanks in advance

Jesse