Looking For LOC For Home Flips

[Isaiah Foster]

My business partner and I were able to qualify, with our personal guarantees, for a business LOC through Teachers Credit Union (now Everwise) for our flipping needs. We are thinking about requesting an increase since we have used it, and paid it off, three times now and we would like more. However, I remember them saying their maximum unsecured amount is $50k.

Does anyone know of any other banks that are easy to work with that will also do a business LOC, uncollateralized, with guarantees? Would like to open another as we are looking to increase the amount of flips we can work on at a time, but want to have more available funds as a backup.

Thanks! 

[Kerry Noble Jr]

Check with Key Bank. They had some time of LOC program for your business. and i think it was above 50K......I think, dont quote me