Checking Your Business Credit Line

I have a business credit line with a cash advance limit of $2500. I need to make a cash or check payment of $6500 using the credit line monies and paying by credit card is not an option. I have no idea how to do this. I am in a real jam and could really use some help. If anyone knows how to get around this or has any alternate payment methods, I would love to hear them. Thank you all for your help!

Your only option is to call the creditor and ask them to increase your cash advance limit.

I think casinos used to let you 'charge an advance', but I'm not sure if the practice is still in existence, nor if you live anywhere near a casino.

Other than casino's, there's really no way to do it - it'd be the same as asking "Does anyone know how I can charge $5000 with a $1000 credit limit?"

2008-04-26 00:01:29 by Sherman

www.FreeCorporateCreditInfo.co m Get your FREE eBook to obtain D & B Paydex credit score of 80 in no time. Establish business credit &amp ...

Questions is based on Canadian banking =
This question is amid at the banks/ financial for business. I am a small business, not looking to provide lenders with financial / tax fillings. ( why - the past two years I have been doing the business as part time and file little business income ) I am looking for a business line of credit or a business credit card, my business has no credit history and I am looking to secure it with cash - I prefer no personal credit check ( I do have good credit ) I am just having some extra funds and prefer to secure it. Based on this information I am almost unable to find any lenders in Canada to help ( how ever in the US secured business credit is dime a dozen - just not in Canada. So the run down is I am looking for a secured business line of credit / business credit card with very Little questions asked or providing extensive financial / tax papers/ and preferably N0 credit check Any advice from the industry ?
My best perspective is Vancity Business Visa gold, secured. ( The regular card is not securable - ) The only bad point about this lender is that I do not need the gold card, its $ 99 a year. $ 20 is ok. all other lenders for Visa & MC business in Canada seems to be heavey on the paper s of the business - Help ? The limit I am looking for is $ 2000- 6500 Canadian
Only looking for information in Canada,

The first question is what are your long term goals? If you simply want one card try Wells Fargo bank they have a very good secured business credit card.

If your goal is to eventually obtain larger lines of credit or loans I suggest that you

1) open business accounts with both Wells Fargo or Bank of America they both have secured business credit accounts

2) Open a secured credit card with Wells Fargo and a secured line of credit with Bank of America.

3) Both will be excellent sources to help build your business credit profile

For Additional information

DaJuan Tircuit
http://businesscredit.wordpress.com
www.rhemafundingsolutions.com

2007-05-05 17:47:34 by Canada Business

Im trying to build a large business credit line without personal gurantee on a Tax Id on a nevada corpation i set up. Whats the fastest way to establish large credit line using D&B, Expierian Business and Business Client check to get the lines i need to do business without gurantee (Personal). Without buying trade lines. Please tell me the fastest way and most economical.

Work with a local bank to have them start you out on small loans based on business volume. You can also get them to extend credit based on your receivables. That's the fastest way to grow.

If you don't have any revenue, there's no way to get a credit line without a personal guarantee.

2006-09-12 09:29:17 by Michael Billionaire

I have been running a small business for nearly 20 years and my current bank has decided that they don't want me as a customer. My current relationship includes the following products:
-Business Checking
-Merchant Services
-Business Credit Card
-Business Credit Line
-SBA Loan
-Home Mortgage
-2 Personal Checking Accounts
-2 Personal Savings Accounts

Ideally the bank I choose would be able to handle all of this.

Wells Fargo, B of A or USAA

2009-09-10 09:34:28 by Stew McGravy

I'm starting a business with a partner, we're incorporating and planning on having 50/50 ownership. We'll want to apply for a loan or credit line and banks will naturally be checking our credit histories. Here's the issue: my credit history is good, perfectly clean, and improving. My business partner has some big credit card balances from starting the business, has missed some payments... his credit is bad. I'm thinking maybe I should be the 100% owner initially, so my partner's credit doesn't become an issue. Later on after we've established business credit we can change to 50/50 ownership. Does that sound like a good strategy?
Thanks for the comments re my partner's credit issues. As background, he is great in retail, customer service, and started the business- currently owns it. Definitely needs help with the financial aspects, and I think the partnership will work well.

NOT AT ALL for one thing any parntership should always be 51%-49% and i still wouldnt agree on partners. since your the one with the good credit you should be sole propietor and he can work for you. you already see he is not good with finances and good decision making so why would you put yourself and your company in a position that you already know is going to fail. if you talk to him/her about being sole owner and there is a disagreement then you have your answer on how this partnership is going to go. not to metion that if its a firned you will end up losing both a business and a friend. im not trying to be negative but i already see whats coming just from experience alone. "dont hate the messenger" also depending on your business you may want to think of the inc part of your plan. #1 you have to pay charter fees for a corperation. #2 you pay tax on income from your coperation then when you pay yourself you have to pay personal income as well as fica and workerscomp everything. the only reason to incorperate is to protect your personal items from lawsuites and its doubtful unless you have more then several employees you're employing it wont be worth it. maybe try the senior core of retired executives (score) in your area they have lots of info for free

2007-06-05 10:30:14 by RAD