Business Lines of Credit - Business Credit 2020

Do you need business lines of credit? In this video we show you four types of unsecured cash credit lines you can get for your business and how to qualify.

Whether you are a startup, existing business or real estate investor; business lines of credit provide access to working capital at any time, to use anywhere and for any business purpose.

Not only will these revolving lines of business credit build your business credit but will also protect personal credit as well.

For our Business Credit Lines program go to https://businesscreditbuilders.org/business-lines-of-credit/
For our Step-by-Step Business Credit Building system go to https://businesscreditbuilders.org/

So, what is a business line of credit?

A business line of credit provides a business a predetermined credit limit you can borrow against whenever you need it. You can access any amount of money up to the credit limit for your business and repay that money back over time with an added interest fee.

In this video we are discussing unsecured business credit lines. This means you won’t have to supply any collateral to secure the lines of credit. Secured business lines of credit can offer lower rates. In those cases, lines are secured by collateral such as a cash deposit, a blanket lien on general assets or a certificate of deposit.

Business lines of credit are ideal for startups, small businesses & real estate investors. Other reasons include but are not limited to the following: separate business and personal expenses, access to working capital, protect personal credit and build business credit.

Some of the various types of business lines of credit we cover in this video are business credit cards, alternative lenders, banks and credit unions and SBA CAP lines.

For example, business credit cards can be used to make purchases and withdraw cash. You can maintain a revolving balance or pay it off with minimum monthly payments ranging from 1-1.5 percent.

Before you apply for a business credit line there are standard requirements that must be met. For business credit card funding you will need 680+ credit scores with no open collections or bankruptcy reporting. If you do have a bankruptcy it will need to be at least ten years old.

Lines of business credit are a revolving source of credit that you can use for any business purpose. You can borrow against your credit line whenever you need it, repay it, and use it again.

Prior to going through our business credit lines program, you will need a separate legal entity, the company must be in good standing, an employer identification number, business contact information and business bank account.

Remember, the ‘dividing line’ between personal and business credit lines must be established at the credit reporting level in order to legitimize true personal and business credit separation.

For details on business lines of credit go to the following sites.
https://youtu.be/zIoo18LD5bY
https://businesscreditbuilders.org/business-lines-of-credit/
https://businesscreditblogger.com/2019/09/03/business-credit-card-funding/
http://businessfundingreview.com/
http://creditreportengine.com
https://businessfundingengine.com/