Loan Line Of Credit

We are a registered Californian company, but are UK citizens living in California. The company is just over 1 year old. The purpose of the loan/business credit line is to purchase a small business.
The Tax ID is a good answer... but will this be usefull where someone needs a credit record? Or, for business finance, would our personal circumstances be relevant in any case?

you should have a tax number for the irs -- this is the number that you will use instead of a ssn!!!

2008-09-05 16:27:53 by unitedcal

Commercial equity loan line of credit for all 50 states. Easily obtain a commercial property equity loan. Use many properties for a secured ...

We are looking for a $50,000 loan or credit line for our business. We have been around for almost two years and we have good collateral through real estate investing. We also have good personal credit. We have not applied before but now we would like to have access to reserves credit to pile cash. Should we look at some small local banks or a bigger bank for this?

Thanks

When we needed to open one of those for our business, we contacted our bank. They have all the info they need as they see how much money is coming and going out of your account each month & you've developed a relationship with them. Just be sure you check interest rates and terms - make sure they are at a fixed rate, and watch out for annual fees & service charges on cash advances - they can be pretty steep.

2008-09-09 19:18:29 by Running Man

Price: $9.95 $9.95

How come on a Personal line of credit loan you get charged an apr and a periodic finance charge? Why not just get a credit card then? I dont get it.. I know credit card rates are high now but most times you can find credit cards with lower rates then my line of credit. someone please tell me the positives of have a line of credit loan...

A "line of credit" is nothing more than a pre-negotiated, pre-approved loan. It has a maximum value you can draw. You have no charges until you actually USE some or all of the available funds. What you pay for this convenience is that there is no grace period as there is with a credit card and interest accrues immediately. Unlike a credit card, there is no "approval" process needed or required. You write a "check" against the line of credit and it is honored automatically since you are pre-approved. A line of credit is a fallback to other forms of loans. In essence, when someone calls your bank about your "check" they are informed by the bank that your check is equivalent to a certified check with the full backing of the bank behind it. What you are paying for with the interest and such is the convenience, pure and simple.

2009-09-27 17:56:00 by rodney

Price: $910.00 $910.00

my credit score is very low but i own a $75,000 house with no mortgage. i am looking for some kind of loan so i can do major repairs on my house but i keep getting turned down due to my credit. i have been at my job for almost ten years and make around $300.00 a week.

Wow, with a house that is cash you really should not have that much trouble. Amazing how banks are changing so rapidly.

Keep trying, but maybe ask banks for a 5 year mortgage for the amount you need. They don't advertise this, but banks DO offer short term mortgages, with fixed rates no games.

If you have time go to annualcreditreport.com
and fix anything that is incorrect or outdated if you haven't already done so. Things become outdated after 7 to 8 years.
Also get one credit card, and pay it in full each and ever month for top notch credit. Carrying a balance reduces credit.

Keep trying, there is no reason you should be getting turned down if your house has no mortgage. If you are asking for 20% value they should be throwing it at you.
Try a credit union.
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2008-11-13 16:45:40 by jmpoct03

We are a new Home building company based out of Houston and have built 2 subdivisions. We are looking to build 3 these next two years and six the following years. How do I receive a loan or Line of Credit to build?

they way banks are right now your better off looking for a venture capitalist

Meaning a investor or group to lend you the money under contract... Better have your business plan and projections of revenue in hand otherwise they wouldn't give you a second look.

2008-10-09 05:27:54 by Rick James