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4 Replies Last post: Apr 16, 2008 11:47 AM by moogrdotcom

Can I have two B.L.O.C for the same LLC at different Banks?

Apr 16, 2008 10:45 AM

william 3 posts since
Apr 12, 2008

I have an established Business Line of Credit at one Bank. Can I apply for another Business Line Of Credit at another Bank using the same LLC?

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CorpCons08 1,128 posts since
Nov 14, 2007

1. Re: Can I have two B.L.O.C for the same LLC at different Banks? Apr 16, 2008 10:51 AM

Yes, but they are going to take all existing business debt into account when underwriting.
Contact me if you would like a consultative approach to the lending.

CC08

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LUCKIEST 7,938 posts since
Aug 6, 2007

2. Re: Can I have two B.L.O.C for the same LLC at different Banks? Apr 16, 2008 11:30 AM

Can I have two B.L.O.C for the same LLC at different Banks.
*YES, You *have an established Business Line of Credit at one Bank.
If a second bank approves you and your credit history they can issue another.
Big corporations have loans and L. O. C. at many banks.

Go to Members page and add a few words about you and your business

LUCKIEST

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brinat0318 28 posts since
Apr 15, 2008

3. Re: Can I have two B.L.O.C for the same LLC at different Ban Apr 16, 2008 11:44 AM

Yes, you can. My company should be able to help with your needs. If you have a FICO score of 700+, we can usually close in 1 - 3 weeks in amounts ranging from $25k - $1M. If your credit score is less than required, we may assist you in credit restoration, however please note that this will take more time to close.

For further information, please reply to this post and we can further discuss outside of this forum.

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moogrdotcom 82 posts since
Dec 16, 2007

4. Re: Can I have two B.L.O.C for the same LLC at different Banks? Apr 16, 2008 11:47 AM

Be Careful, thats my advice. Lendors are pulling the noose on BLOCs big time and if they see you open a new one they may reduce/close your existing LOC.

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ForumsFinancing Tips

This Question is Possibly Answered

Can I have two B.L.O.C for the same LLC at different Banks?

Apr 16, 2008 10:45 AM

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