Small Business Credit Line

Hi, Please help me...

I need banks and credit card companies that loan business credit line to small businesses. I need all bank names/sites...plz reply

You can get few idea's from this site....
http://www.biot350.com/home-based-busine ss-opportunity.php

2009-03-14 02:44:21 by Big B

www.CreditlineMillionaire.com Chris Wise - 720.524.3907 How do you raise money to grow your small business? Hugh Ballou, a Transformational ...

We applied at the end of Sept. and broker is saying banks are being silent on applications. Anyone else in the same boat?

go to keybank for unsecured line of credit up to 100k with no pg! (must be in busines for 3 years and have financas. If you don't have finacials you can do level 3 accounting if you are wiling to pay the tax!)

2008-11-07 14:38:31 by David M

Price: $23.50 $12.53

2-inch, 50/50 serrated stainless steel blade
Combination can/bottle opener/flat screwdriver
8x power lens for magnification or fire starting and compass for navigation

I did the first 2 steps: 1. Getting Certified through the Secretary of State and 2. Calling the IRS and getting an EIN (Employee Identification Number). After doing some research I thought getting a small business line of credit wouldn't be hard but I'm kind of stuck here.

Even in a good economy, the two steps you outlined are not really prerequisites when getting a loan, more like the basics of complying with regulatory requirements for starting a business. You can apply for a loan even if your business does not have an EIN and will just use your SSN

What banks, and even SBA, looks at are:

- A business plan explaining what the business is

- Your personal credit history

- Financials of the business. If this is a new business, how realistic your financial projections are

- Your background and experience in the business -- this is KEY in the eyes of the bank because they want to make sure that you know what you are doing and that you can make the business work. If you don't have any experience with the business, have someone on board that knows the business to give banks assurance that someone will guide you

- Your credit factors because it shows your dependability and how well you handle credit. They will do a credit check on you and poor credit history may be frowned upon, or even reason for the disapproval of your loan application

- Your collateral. Banks, even SBA guaranteed loans, want the borrower to show collateral. They want to be guaranteed that somewhere somehow they can get payment from you

- Condition or terms of loans. Banks would want to know three important things: "How much money are you requesting? What will it be used for? and For how long will it be needed?" Banks oftentimes prefer to approve loans for items that can be identified, has lasting value, and can be repossessed and sold if things fail.

- Equity investment as they want to see that you are invested in your business as well

2009-02-04 10:04:24 by Blessed

Price: $3.91

Three-hole punched for convenient storage in a three-ring binder
Includes 10 business card pages
Archival safe and acid free so pages won't lift print

Usually 5.5 percent.

2008-05-21 14:26:45 by Chuck S

Do they use your social sec number as well? or just the Company Tax ID in order to approve the credit line for your business??

Won't happen without your personal guarantee (which is what you mean by SSN vs EIN - what number they use is just for tax purposes, who is responsible is the legally important bit). In other words, a personal loan which you then provide to the business may be as good or better - compare the terms.

2007-10-18 12:55:15 by beck