StoneBridge Capital Capital Group, Ltd.

[Michael Hacker]

Has anyone worked with this company based out of the Phoenix Metro area?  They offer unsecured lines of credit based on credit score. 0% interest for 12-24 months with an up front fee.  Hoping to get in touch with someone who has experience with them.

tags: lending, finance, line of credit, LOC

[Eddie T.]

@Michael Hacker I have no experience with the company you mention and have no knowledge of them. That said may of these Capital Groups tell you they can get you unsecured lines of credit 50-100k, so you give them your info and then they go and open 10 Business Credit Cards in your name. Your fico gets run 10-12 times so you take a hit on your score.

Now you have 10 Business Credit Cards that yes they are all 0% interest for 12-24 months but they are of little use to you. The max cash advance you can take per card would be around 2k and the interest on cash advances are astronomical. Please don't fall for this.

What you need is a true line of credit because you want working capital correct? The only way I found this possible is to work with a local bank. If you are in the landlord business then take one of your rentals and put them up as collateral for a LOC. Or if you have other businesses it is possible to get a LOC as long as you are showing monthly revenue and profit.

If you are in the construction business it is possible to get bank financing with experience, I am not in the construction business but their are others on here who have been able to obtain it.