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1 Replies Last post: Jul 25, 2008 9:49 PM by LUCKIEST

Loan for corportation

Jul 25, 2008 7:16 PM

Videoguy 1 posts since
Jul 25, 2008

Hello, I am new to the list and happened upon it during my search on the Bank of America website concerning the subject matter I listed. I am President of a video production/website business. I am looking to consolidate about $60,000 dollars of debt into a single business credit line, (not a home equity) and need some additional credit for expansion into High Definition equipment in the next six to eight months.
The business has been around for over 22 years and is looking to expand.
So, to summerize, I need information on obtaining a business/credit line for close to $100,000.00. The loan would be secured through present business and assets we hold. Any ideas? Rates? Where I might start?
Thanks,
The Videoguy......

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LUCKIEST 7,939 posts since
Aug 6, 2007

1. Re: Loan for corportation Jul 25, 2008 9:49 PM

Loan for corporation, Welcome

Tell us more. Who are you?? Where are you?? Go to Members Page and share some info.
You said the business has been around for over 22 years. How long have you been Pres??

Have you developed a Business and marketing Plan that I can read??
How about prior year tax returns?? How long do you need the funds for??

Do you know about SCORE?? SCORE is FREE

LUCKIEST

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ForumsFinancing Tips

This Question is Possibly Answered

Loan for corportation

Jul 25, 2008 7:16 PM

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