SBA Builders Line of Credit
My wife and I are looking to flip 1-2 projects in the next year. The goal is to raise capital (and build resume) for larger projects in the future. I have real estate experience, which includes spec home building, but will be forming a new entity here.
I'm looking for a line of credit for my business for short term needs, preferably unsecured. I have solid credit and strong income, and willing to provide a personal guarantee. I've researched online, and found an SBA Builders Line of Credit, which looks like it may be similar to a 7(a) in terms of qualifications.
Does anyone have knowledge or experience with this product? Or does anyone have other suggestions for a small line of credit ($50-200k) for a business that technically is new. Don't need recommendations pertaining to personal credit-I'm specifically looking at business credit. Thanks all