I'm new to all this, and I was wondering...Has anyone purchased an aged shelf corporation to get unsecured financing ($300k) to purchase an existing business?

I have a $30K unsecured LOC with the credit union I do all of my banking through, and I could get a ~$40K HELOC with then as well.

Average American debt load in unsecured debt is about $25k.

Greystone would need to include that recommendation in its Covid-19 Forbearance risk memo and discuss with Fannie Mae for approval.Answer - Freddie Mac SBL: Borrowers can pursue the Payroll Protection Program as it is unsecured debt, but cannot pursue EIDL with out Lender Consent for subordinate debt.Answer - Freddie Mac Non-SBL: Borrowers cannot pursue the SBA Loans (EIDL or PPP) without first pursuing Lender Consent for subordinate debt

It’s a general, blanket UCC filing that doesn’t prohibit the acquiring or transfer of assets in the ordinary course of business.A loan amount of $25,000 or less is unsecured, and removes the Security Agreement and UCC filing, but loan proceeds usage requirements remain in place."

I believe the checkbook IRAs and unsecured notes get audited the most. 

Also here are a few "never do's" to help you understand the risk: Never do deal if the property can’t be valued properly (no comps no deal)Never do a deal without a third-party escrow Never assume the third-party vendors will not make a mistake (deals take longer then planned, watch out for scope creep)Never do a deal without property insurance Never do a deal on owner-occupied (there are laws that can get you in trouble here)Never do an unsecured loan

Now from my understanding of "unsecured line of credit", it's much cheaper than Hard Money.I'm in the process of forming an LLC and with a personal credit of 790+ and some liquid assets, how do i take advantage of my good credit to establish a sizable line of credit to fund my future deals?

Looking at what liquidity you have to service the debt and how you've handled previous unsecured facilities of similar size are what's important to us (my bank, that is). 

I already have a few unsecured cash lines.