what is the best way to start a line of credit for a new business?
Sep 29, 2009
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Business Line Of Credit
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> Long Repayment Terms
> Lower Monthly Payments
> Frees Cash Flow To Expand Business
> Many Rate Options (Including Long-Term Fixed)
> Limited Refinancing Of Existing Debt
> First and Second Mortgages
> Guarantee Fees Temporarily Waived
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*Rates subject to change, not all qualify
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> Capped ARM Starts At 4.25% - Lifetime Cap 7.25%
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*Rates subject to change, not all qualify
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3 comments
Luke 6:37 on September 29, 2009 at 9:26 am
How much do you need?
Charlie-Camp on September 29, 2009 at 9:26 am
If you own a home, taking out a home equity line of credit (HELOC) is the fastes and simplest way.
http://www.atlanticeloan.com/pages/home-equity-loan.aspx
Charlie Camp
Atlantic Mortgage
(800) 373-3130
Initial Underwriting Group on September 29, 2009 at 9:26 am
We are often asked why it is important to build a strong business image and credit. There are two answers to that question. The first and the most obvious answer is that it is important to build strong business credit in order to Secure Business Financing. However, not all businesses require external financing; often entrepreneurs will refer to family and friends for startup capital. This is where the second reason, Emergency Financing takes precedence.
If your business is experiencing strong growth such as a need to expand warehouse space, inventory, or work force, and the financing of such operation is beyond that which is available from friends and family, a strong business image and a strong business credit profile can aide in securing financing with lower rates and quicker approval times.
Begin your search by typing "strong business credit" (just like that in quotes) into google or yahoo. That should give you a head start on the companies that specialize in this field.
Ilya Bodner
Small Business Owner
Initial Underwriting Group