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6 Replies Last post: May 8, 2008 12:03 PM by FinanceHelp4U

LOC OR BIZ LOAN FOR BAD CREDIT BORROWERS?

Apr 26, 2008 9:21 AM

jayrei 1 posts since
Apr 26, 2008

I HAVE A 2YR OLD CALIF REGISTERED LLC. WITH NO CREDIT HISTORY,OR ESTABLISHED TRADE LINES. I HAVE BAD PERS CREDIT. I TRYING TO FIGURE OUT HOW TO GET SOME FUNDING TO TAKE MY BIZ TO THE NEXT LEVEL.I HAVE A SECURE FULL TIME CIVIL SERVICE JOB WITH 15 YRS OF SERVICE. WHAT I WOULD LIKE TO DO IS APPLY FOR A LOAN IN MY LLC NAME WITHOUT USING MY PERS CREDIT. I MAY HAVE A CO-SIGNER WITH A ABOVE 720 MID FICO SCORE,BUT I WOULD NEED THE LOC OR LOAN IN THE LLC NAME WITH NO LIABILITY CONNECTED TO MY CO-SIGNERS CREDIT. ANY SUGGESTION?

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LUCKIEST 5,745 posts since
Aug 6, 2007

1. Re: LOC OR BIZ LOAN FOR BAD CREDIT BORROWERS? Apr 26, 2008 11:24 AM

2YR OLD CALIF REGISTERED LLC, Welcome to this web site.
WHY ALL IN CAPS??
Tell us more. What kind of business and what is the NEXT LEVEL??
Do you have a Business and Marketing Plan??. That is one of the first items
a lender would want to see.
Do you know about SCORE?? SCORE is FREE.
Good luck, LUCKIEST

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FinanceHelp4U 48 posts since
Mar 5, 2008

2. Re: LOC OR BIZ LOAN FOR BAD CREDIT BORROWERS? Apr 26, 2008 1:25 PM

+Hi, and welcome to this forum. You are definitely at the right place for help. I am a Financial Consultant and I help people like you. I have many years lending experience and experience working with the U.S. Small Business Administration. I should be able to help you, we work with loans/loc with lenders such as Bank of America and others, so if you would like to contact me, please feel free to do so - I work virtually 24/7.+</stro<br />Carol, Financial Consultant*
hardwork70@newwavecomm.net
*(877) 382-8159 Toll Free *

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MaxAdvance 27 posts since
Apr 10, 2008

3. Re: LOC OR BIZ LOAN FOR BAD CREDIT BORROWERS? May 8, 2008 11:22 AM

Hello,

My name is Solly and I am a financial consultant at a company called MaxAdvance in New York City. We are currently helping several small businesses with our cash advance program. What we do is offer unsecured loans to be used for whatever you desire without collecting collateral. We won't take compounding interest; just one set factored rate which means you can take as long as you need to pay it back without any penalties. CREDIT IS NOT AN ISSUE WITH US. All you need is a credit card terminal at your business as a source of incoming payment, which we would use to collect the payback by taking a small percentage of future transactions. Funds can be transferred in as little as a week. Please feel free to contact me at any time at 1-866-629-4464 Ext:238.

Take care and good luck,

Solly Mizrahi
MaxAdvance
smizrahi@maxadvance.com

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LUCKIEST 5,745 posts since
Aug 6, 2007

4. Re: LOC OR BIZ LOAN FOR BAD CREDIT BORROWERS? May 8, 2008 11:36 AM

in response to: MaxAdvance

Solly, The phone number is NOT working.

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MaxAdvance 27 posts since
Apr 10, 2008

5. Re: LOC OR BIZ LOAN FOR BAD CREDIT BORROWERS? May 8, 2008 12:00 PM

in response to: LUCKIEST

ok ill check on it

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FinanceHelp4U 48 posts since
Mar 5, 2008

6. Re: LOC OR BIZ LOAN FOR BAD CREDIT BORROWERS? May 8, 2008 12:03 PM

in response to: LUCKIEST

+It is called factoring, and factoring is a great solution to some companies cash flow problems. Factoring is also known as "cash for receivables" - the conversion of a business accounts into immediate cash by the outright purchase of its receivables, at a discount by factor.+</str<br />Due to factoring being based on the ability of a business owner's customers to pay, not the business owners ability to repay the money advances, even small businesses that have not been around that long, that have high debt to equity ratios, or poor personal credit ratings can take advantage of this cash flow solution.*

Alot of companies are doing factoring now. As a Financial Consultant, I also help my clients determine if this might be the tool they need to use to get the capital they need.

This is a solution for some businesses.

Have a great day!

Carol
FinanceHelp4u
*(877) 382-8159 *

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ForumsLoans and Lines of Credit

This Question is Possibly Answered

LOC OR BIZ LOAN FOR BAD CREDIT BORROWERS?

Apr 26, 2008 9:21 AM

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