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Author Topic: Unsecured Line of Credit for Business  (Read 7416 times)

Offline hanatal

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Re:Unsecured Line of Credit for Business
« Reply #15 on: February 17, 2006, 07:40:11 pm »
Thank you, you've helped emensly. I've got about 5 or 6 projects I'm working on or would like to work on but need, well a little more credit.
Thanks again

Offline kikaider69

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Re:Unsecured Line of Credit for Business
« Reply #16 on: February 18, 2006, 09:32:28 am »
Quote
[/from viperman - original poster

Unsecured Line of Credit for Business


Does anyone know how to start setting up business lines of credit?
I am looking to setup about $50,000 to $100,000 Line of Credit for my business.
What is the best way to go about doing this?

the easiest way, but it may take a while is the following
1)  Start an LLC or other corpoartion
2)  You need an EIN, if your company does not have one yet. get it from IRS.
3)  Your state's dept of corporation will in turn sell your info to banks who want your business
4)  fill out the apps 2 at a time once a month.  You dont want to have a big hit on your creidt when they check your credit score.

peace
steve

noob investor in florida
Steven Oki

 




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