Where can you go to get a corporation a line of credit in any amount but looking for 50 to 100 K When the corporation has no credit set up as yet but a D & B # and a EIN # and is 7 years old
BUT there is a officer in the corporation whom has a perfect credit a fico in the 700
go to any commercial lender and get an sba loan. what will you use the money for?
the officer of the corp will put his credit on the line most likely. does the company have any assets?
Go to www.creditboards.com and start reading the business credit section. You will learn everything you need to know to get what you are looking for. Hope this helps.
Any one else know of any place where a person with a 700 fico and a 7 year old corporation as stated above can go and get lines of credit for the corporation ??
STEVE i do not recall on this post you saying anything tell now so i think you may have it confused as to something you may just may be put on some other post of mine ??
So if you would pls tell me again here on this post thank you you
I believe you are seeking what is called a unsecured BLOC (business line of credit)—if that is the case, it appears that you meet the basic criteria (business is => 2 years old and you have =>660 FICO).
The sources I’m aware of don’t require collateral, business financials or tax returns, but the min. loan size is 100K.