ForumsFinancing Tips

I am in a slightly weird situation (from my perspective). I incorporated my business a few months ago. I don't have many clients yet. I talked to several big banks (similar to Bank of America, in financial strength). Here's the odd thing. I was upfront with the banks. I did not hold back any information (being laid off from my full-time job and working only part-time, not having much in savings, etc). I did not exaggerate anything (I never said I had hundreds of clients or millions of dollars in contracts or equipment, etc). I merely laid out my idea (the services I would offer) in clear and simple terms. It took about 20 minutes. And now, at least one of these banks has offered me a $10,000.00 line of credit, on a business credit card. Interest rate is zero. Annual fee is zero.

And yet, everyone whom I trust says that I should politely decline what seems to me an outstanding offer. I cannot understand the logic behind the advice. Can anyone explain?