Tag Archives: business lines

Business Lines of Credit

At least several times per week, I get asked about how to get business lines of credit ESPECIALLY since the lenders are tightening up these days. Now, when I am applying for credit, I’m not too picky if it comes in the form of a credit card with courtesy checks or an actual line of credit.

I’m not too concerned about interest rates because I’m using them for a tool. Certainly, the lower the interest rate, the better, but if I have to get a card at 15%, I’ll take it. I won’t carry a balance on it or use it unless I come across a deal that I simply must use the card for and it makes sense.

Some people may wonder why I don’t fight for great rates, and I definitely try to get the best rates I can, but I’m not accumulating business credit for the sole purpose of maxing out my debt :-0! You see, I want to have as MUCH money available to me at any given time in case the right deal comes along and I need immediate cash OR in case I need some extra funds to grow my business.

There are a handful of things you need to know about the business lines of credit I’m talking about here:

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Back to the Basics Real Estate

Discover the BIGGEST Secret to Making Money in Real Estate In the Current Market!

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Business Basics: Getting Set Up for Success…

  • Different types of business entities. Corporations, LLCs, Partnerships, S-Corps, Etc.
  • Time Management and Business Planning so you can run your business in less than 1 hour per day!
  • Building your power team: The right team members will save (and make) you MILLIONS! Gauranteed.
  • Cleaning up your credit and getting business lines of credit. Continue reading