Does anyone know how to start setting up business lines of credit? You would start them under your LLC right? Are there certain companies that are better to deal with than others when starting credit? Mike
Mike,
It works better if it is under a business entity. I saw another posting from you and I believe the entity you have is several years old. Business lines are awarded based on a % of gross revenues.
If you have no gross revenues then you have some stumbling blocks to work around. Business lines are usually only available for business whose ownership has prime credit.
There are certain sources that work better than others and it all depends on where your business is registered and your particular situation as to where to go.