Archive | April, 2010

How can I obtain a $500,000 unsecured business line of credit?

What are the exact steps I need to take in order to obtain such a big line of credit without being denied and where can I apply ? With the tight credit markets these days, unless you have a successful business that’s been in operation for a minimum of five years and you can show [...]

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Can someone help me find an agency or person who can help my business estabilish credit?

I would like to do this for free. Set my company up with all 3 business credit agencies Get my business 5 vendor lines of credit that report to the agnecies Help me get 3 business credit cards in my business name only Show me how to get 1 bank loan that reports to the [...]

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How can you get screwed by a oil company?

My dad’s family owned shares in an oil company. I can remember as a child, seeing a lot of checks for 2-3 cents from this oil well. Now my father is deceased and I can’t seem to get any answers about the oil well. He received these checks just about all his life, and he [...]

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What is a reasonable annual fee for a business line of credit?

Do banks charge annual fees based on the value of the business loc? If annual fee is a norm then what is a reasonable fee? if its a big bank than its free

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What are the consequences of defaulting on an unsecured business line of credit that I personally guaranteed?

The LLC and I are both in New Jersey. I know a judgment is eventually put on my credit, but what does that allow the bank/creditor to "do" to me personally? Take possession or put a lien against everything you own until the debt is paid off, they can even garnish your wages. Plus you [...]

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No personal guarantee Line of credit or loan for Business?

Can Anyone tell me a few websites for Business Line of Credit or loan, that do not require personal guarantee? I tried to Google it already but i just got a bunch of junk sites. Thanks for the help. You can approach your bank, if you have good credit score. If your business plan is [...]

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I’m looking for a place to get a unsecured business line of credits. Or companies that will give trade lines

I have a small business and need to establish a paydex score, I’m looking for some companies that will provide either trade line or unsecured lines. There are companies that are charging fees to help find companies, but I was hoping to find some help here. The suppliers with whom you have been dealing should [...]

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Is the ‘Business Credit Coop’ a legitimate opportunity?

I am interested in using the busienss credit coop to start a business line of credit. Does anyone know what the actual service they provide is? The best thing to do is to check out the company in the better Business Bureau, and then check them out in the Bad Business Bureau (a.k.a.) www.ripoffreport.com – [...]

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Trying to get a small business line of credit, Not that easy. Any suggestions?

I did the first 2 steps: 1. Getting Certified through the Secretary of State and 2. Calling the IRS and getting an EIN (Employee Identification Number). After doing some research I thought getting a small business line of credit wouldn’t be hard but I’m kind of stuck here. Even in a good economy, the two [...]

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What if Conservatives applied their free-market beliefs on to humans?

If companies had no regulation, they could do whatever they please. Now imagine if we took away all of the laws that pertain to individuals. We would have anarchy, and anarchy in this day and age will not work. Why won’t it work? People would steal, harm and kill for their own gain. So, why [...]

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