Please sign in to post in this forum.

ForumsFinancing Tips

Up to All Forums

This Question is Possibly Answered

1 "correct" answer available (5 pts) 1 "helpful" answer available (4 pts)
1 2 Previous Next
Post a new topic
10 Replies Last post: Oct 24, 2008 9:28 AM by lfreeman

Looking for Business LOC

Feb 8, 2008 1:30 PM

Click to view Rehab223's profile Professional Rehab223 6 posts since
Feb 8, 2008
I'm looking for a New Business LOC for $250,000 to purchase and rehab properties, in SE Washington State, for resale. Although my company is only 4 months old, I have 40 years experience in design and construction manegement and a Master's Certificate in Project Management. (My FICO score is 784).
Tags: line_of_credit, small_business_loan, capital, cash_flow Report as inappropriate
Click to view LUCKIEST's profile SCORE LUCKIEST 7,933 posts since
Aug 6, 2007
1. Re: Looking for Business LOC Feb 8, 2008 3:35 PM
in response to: Rehab223
Rehab223, Welcome to this web site.
Have you developed a Business or Marketing Plan?? Do you have an accountant??
How long do you need the funds?? and how will you repay them??
LUCKIEST
Report as inappropriate
Click to view Rehab223's profile Professional Rehab223 6 posts since
Feb 8, 2008
2. Re: Looking for Business LOC Feb 8, 2008 5:08 PM
in response to: LUCKIEST
I'm still working on the Business Plan. Marketing plan is to use a well established local realestate agency. No I have not retained an accountant yet. My best case senario is to rehab and resell within 9 months, if it doesn't sell in that time I would refinance with a convential mortage until it sells (worst case senario).
Report as inappropriate
Click to view bankpig's profile Mogul bankpig 41 posts since
Feb 6, 2008
3. Re: Looking for Business LOC Feb 9, 2008 1:28 AM
in response to: Rehab223

Do you have business partners or are you doing this solo? I assume you are a homeowner already, correct?

Regards,
Bryan
BANKPIG.COM
Report as inappropriate
Click to view Rehab223's profile Professional Rehab223 6 posts since
Feb 8, 2008
4. Re: Looking for Business LOC Feb 9, 2008 12:58 PM
in response to: bankpig
Yes, I am a Home Owner and no I do not have any partners (other than my wife). My plan is to sub-contract much of the work and supervise it closely to ensure the quality I want. I have seen many rehab projects and the quality leaves a lot to be desired.
Report as inappropriate
Click to view brinat0318's profile Mogul brinat0318 28 posts since
Apr 15, 2008
5. Re: Looking for Business LOC Apr 18, 2008 10:07 AM
in response to: Rehab223
Are you still looking for a line of credit for your business?

If so, I may be able to assist you. My company acquires lines of credit ranging from $25k - $1M for anyone with a FICO score of 700+. Your loan should not be a problem. With proper documentation, we usually close within 1 - 3 weeks.

If still interested, please reply to this post for further details outside of this forum
Report as inappropriate
Click to view CorpCons08's profile Mogul CorpCons08 1,128 posts since
Nov 14, 2007
6. Re: Looking for Business LOC Apr 18, 2008 10:44 AM
in response to: brinat0318
Why does the details have to be shared outside of this forum?
Is this some secret agency that only a few privileged know about?
Lets see a website?

CC08
Report as inappropriate
Click to view brinat0318's profile Mogul brinat0318 28 posts since
Apr 15, 2008
7. Re: Looking for Business LOC Apr 18, 2008 11:21 AM
in response to: CorpCons08
I like to speak to people outside the forum so as:

1) not to clog up the posts with banter back and forth
2) I can explain details in full & discuss financing options.
Report as inappropriate
Click to view Rehab223's profile Professional Rehab223 6 posts since
Feb 8, 2008
8. Re: Looking for Business LOC Apr 18, 2008 12:03 PM
in response to: brinat0318
Yes, I am still interested in a LOC. My personnal FICO score is 784.
Report as inappropriate
Click to view LoansMBC's profile Mogul LoansMBC 3 posts since
Apr 16, 2008
9. Re: Looking for Business LOC Apr 18, 2008 12:08 PM
in response to: Rehab223
Good afternoon,

My name is Paul Warshawsky and I am a broker with Manhattan Business Consultants. We arrange business lines of credit for corporations of all sizes. I have the ability to arrange a line of credit for your business up to $500k unsecured, without financials and red tape. I am sure that I can assist you with everything that you are looking for in regards to the funds you woudl like to acquire. Please feel free to contact me at your convenience. I look forward to speaking with you.

Thank you.

Paul Warshawsky
pwarshawsky@gmail.com
239-645-5266
Report as inappropriate
Click to view brinat0318's profile Mogul brinat0318 28 posts since
Apr 15, 2008
10. Re: Looking for Business LOC Apr 18, 2008 12:46 PM
in response to: Rehab223
Please email me at natba18@earthlink.net, I can forward you detailed information and requirements from there.
Report as inappropriate
Click to view stadi88's profile Authority stadi88 11 posts since
Apr 18, 2008
11. Re: Looking for Business LOC Apr 18, 2008 3:59 PM
in response to: LoansMBC
Hi Paul,
My name is Colleen. I am in NJ.
I am looking for a BLOC to fund a real estate business.
I plan on buying residental/commercial in Pittsburg.
I will rehab then do a cash out refi, and hold the properties as rentals.
I am working with a group of investors and have everything in place as far as construction, management etc.
I have a Corp since 2005, and a credit score 700+.
I also have a W2 job that brings in 86k+.
I saw your post to another person on this forum and was wondering if you could help me.
I have applied for another line of 50k but would like more capital so that I can ramp up my purchases with a goal of building up some cash and holding properties for cash flow.
What do you think?
You can reach me at 973-868-7072
Thanks,
Colleen
Report as inappropriate
Click to view LoansMBC's profile Mogul LoansMBC 3 posts since
Apr 16, 2008
12. Re: Looking for Business LOC Apr 18, 2008 4:18 PM
in response to: stadi88
Good afternoon,

I am sure without a doubt that I can help you out. I know from my experience in Real Estate investing what to expect and the obstacles that you can endure during your vertures. I also know that the more funds that you have, the more opportunity you can actually take hold of. If you have the time today or over the weekend please feel free to contact me at your convenience. I will be more than happy to answer any questions you have and provide you with the necessary application and authorizations to get the ball rolling for you. As of right now I can gaurantee a $250 loc for businesses that meet three requirements. First, you must be a U.S. resident. Second, you must have a minimum of 2yrs incorporated, and three a 680 credit score or better. If you meet all three I can have you funded immediately. We also have several lenders that can go up to $500k in a business loc. Please let me know if this is satisfactory for you and I will send over the forms. All I need is an email address. Please let me know. I look forward to helping you and your business.

Sincerely

Paul Warshawsky
Mahattan Business Consultants
239-645-5266
pwarshawsky@gmail.com
Report as inappropriate
Click to view stadi88's profile Authority stadi88 11 posts since
Apr 18, 2008
13. Re: Looking for Business LOC Apr 18, 2008 4:44 PM
in response to: LoansMBC
Paul,
Great....
You can email the forms to iccinvestmentgroup@mac.com
I will call you tomorrow to speak...
Can I reach you at 239-545-5266?
Colleen
973-868-7072
Report as inappropriate
Click to view FinanceHelp4U's profile Mogul FinanceHelp4U 36 posts since
Mar 5, 2008
14. Re: Looking for Business LOC Apr 21, 2008 8:35 AM
in response to: stadi88
<stro<br />Hi, my name is Carol and I can help you. I have many years experience in working with small businesses and have the knowledge to help you in a very timely manner also. It sounds like you know what you are looking for and I would like to make it as simple for you as possible. Bank of America is one of the lenders we use and are great about allowing us to interact on this site.

If you are interested in my assistance, please feel free to contact me any time - I work 24/7,

Thank you,

Carol
FinanceHelp4U
hardwork70@newwavecomm.net
(877) 382-8159 Toll Free
Report as inappropriate
1 2 Previous Next

More Like This

Legend

  • Open Question
  • Answered Question
  • New content since your last visit
  • Updated content since your last visit
  • Content you have read