Interested In Obtaining A Line of Credit

4 Replies

I don’t have a lot of cash to get started with but I know my strategy will be successful. I don’t want to use hard money because of the rates and was wondering how difficult it is to get a six figure line of credit from a lending institution. I.E... my Credit Union. Are the credit requirements stringent? Is it near impossible? What personal score would a lending institution be looking for to provide a 100K-150K line of credit??

@Phillip McCray I wouldn't walk in with less than an 800 score and half of the amount you are looking for ,in credit, in cash. Most banks want 1:1 cash to credit line for unsecured, but you may be able to find less stringent lenders.