Credit Card Debt

Commercial Line Of Credit


Answers

is there such a thing as a fixed rate commercial line of credit and if so who does them.?



I think global equity lending does them AKA; GEL. We know a guy that might be able to help you.

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How to become commercial (non-real estate) loan broker dealing with line of credits and term loans?

I need to know what should I do to establish referral relationship with banks and whom should I talk at banks. Right now I am trying to call their toll free numbers and do not get any response.


I owned a company that funded small businesses, micro-businesses, and mezzanine corporations. I searched for information on how you can start. Information is limited. I wonder why it is such a well kept secret. Possibly because there is lots of money to made financing business, but there also is a lot of risk. The only info is
http://www.businesslenders.com/why_histo ry.htm
My advice is, unless you have unlimited financial resources, start small with micro-loans. They are easy to do and their is tremendous funding out there for companies and organizations to give consumers. Grants are available through the government for the micro-loans but only to organizations who give the loans. Banks also offer money as well as foundations.

If you have any questions contact me. I will assist you and if I do not have all the answers I will try to get them

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Am I the only one who feels that the term "line of credit" is an ambigious and annoying?

The banking industry term "line of credit" makes my blood boil for some reason. First, it is an ambigious terms that can refer to any number of things, but mostly relates to home collatoral loans, why not just call it that?! Most people have no idea what it means for good reasons, but the banking industry insists on stuffing the term down our throats via commercials and advertising.


The term "Line of Credit" is used to refer to a lot of things. I work at a Credit Card company and the term "Line of Credit" and "Credit Limit" and "Credit Line" are all interchangeable. There are a lot of terms that the banking industry use that are ambiguous and not direct. "Finance Charges" should just be called "Interest", "Pre-Approved", and "Pre-Selected" mean different things but yet both are meaningless, and they should both be abolished, and never used again. The list could go on forever. The banking industry is far from perfect and never will be...

How will having a home equity line of credit affect your application for a commercial loan?



by applying 2 loan 2 a bank near 2 u

What do you think of the commercials that show paying cash for lunch slows down the line vs. paying by credit?

They want us to use a credit/debit card for everything, saying it is more convenient than cash.

What is your take? Is this true? Is it good for the retailer for us to not use cash for small purchases, or does it raise their cost; Is it good for the customer?


retailer pays 3 to 7% to credit card company, not good for the prices we pay because the cash customers pay the same as credit card customers

psyching us for the paperless society


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