I would like to know if there are any sources available who will start a Business LOC based on a new business credit instead of personal credit? I would also like to keep the business completely seperate from my personal business. I have lost opportunities because I don’t have the funds to do the deals nor was I able to find an end buyer. I’ve also had no luck finding local financial help. I have been able to lock up a deal using Transactional Funding on a short sale and by the time the deal was ready to close, the value had changed and I couldn’t find an end buyer. If I had the use of a Business LOC I could lock up a deal, do the standard rehab, nothing major and sell the property. The LOC would allow me to pay for inspections, appraisals, earnest money and take care of contractors who do the work. After deals are closed, I could pay back the LOC. Does anyone have a suggestion or resource who may be able to help me?
Thank you
MJ :help