If I ever need a Buisness Loan to purchase a Rental, do I need to shop with Vendors like Uline, and Quill to build Buisness Credit. Or is it just impossible to get a Buisness Loan for Rentals
Unless you use hard money most banks are going to require 20-25% down for commercial business loans. Also these loans usually have shorter amortizations schedules say 20-25 years and typically have a 5 or 10 year balloon. These loans can have repricing in the middle of them too. Credit unions are a good source of info on these kinds of loans.
You can get a secure or unsecured line of credit to start your real estate business too. For example you can get a line of credit against your primary residence.
Keep in mind banks are more likely to work with you once you have some experience doing deals and have a record or portfolio of success. Banks are great a lending money to people who don't need it. It's much hard to get money from a bank when you need it! :)
Here's another resource to spend some time with https://www.sba.gov/ A small business loan through the SBA might help.
I'm not sure about the vendors you listed.
I think your local credit union would be a good place to start.
@Andrew Gingerich thanks
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