ForumsFinancing Tips

Congratulations on your success for so many years and for accumlating a signficant pile of assets. For help in securing a line of credit you might want to contact your local Small Business Development Center (SBDC). Go to www.sba.gov then click on Local Resources then click on SBDC.

They will likely suggest that you prepare a business plan that will show the past 3 years of personal and corporate financials and your projections for the next 1 - 3 years including cash flow projections that will show how you can pay off the line in the event you draw upon it. Based on your equity you should not have a problem getting either a commercial or SBA guarantteed loan from your local bank.

I recommend getting your information in order first and then calling your bank to verify you have prepared everything they might want before going in to see them. Good luck. Ben

Have you talked with your local bank? You seem to have the collateral - but must have the credit and income to go with it. What type of business are you in? You might also beable to get a line of credit or cash advance based on other financial assets like A/R or credit card receipts.

Business Money Today

if you have credit card processing in your business you can get cash advance on your monthly revenue,for more info call me 310-430-3986 or email me nnouri@merchantsolutionsiq.com