bmt2008
305 posts since
Jul 30, 2008
1.
Re: lines of credit Feb 18, 2009 12:42 AM
Good luck not using personal credit history. There are some that will tell you that you can build business credit but that takes time and in this market does not really matter all that much unless you are seeking trade credit.
How does you business take payment? If you take credit cards as payment and take more than $4K per month in credit cards or checks - you might be able to get a business cash advance.
If you have A/R - you could factor those.
Could sell your equipment then lease it back.
Need a small amount you could try micro-credit or peer-to-peer lending (not so concerned with personal credit).
An SBA loan may be an option if your credit is not too bad.
Just some thoughts
Business Money Today
www.businessmoneytoday.com
