bmt2008
305 posts since
Jul 30, 2008
5.
Re: Unsecured Business Lines of Credit between 100k and 200k. Jan 11, 2009 12:31 PM
in response to:
PiperE
I jsut tried that web site - nothing came up but a 404 error. While this may be a bad site, there are companies out there that offer unsecured loans and lines of credit. The problem is that you have to be a very solid business with great credit. But, they are out there. I know because I work with several of them through my business.
There are also other types of alternative financing that could be appropreate for several of the businesses that posted. Most are asset backed, but they are a good way to get growth capital (working capital), equipment, and commercial real estate funding for businesses that only hear 'no' from their bank. I am not trying to pitch anything here - just know that there are sources out there. These are usually a little more expensive than traditional bank loans (not much more these days) but when there is no other option, they work great.
Think about getting money for future sales - not past sales. Or receiving the funds you need to fill an order or purchase inventory to complete a job. All of these are possible.
If you need more info about types of small business funding, how to quailify, what is required, and companies that provide these services, try my site at
http://www.businessmoneytoday.com/ - never a cost to you or to use. Or google search for small business financing. Lots of non-bank companies out there that not only want to work with you but make it their business to see you succeed.
