Updated about 3 years ago on . Most recent reply
Business Line of Credit. Safe to use for a STR purchase?
Our business has about 60-75% of the funds needed to make our first move into the STR world. Do you think it would be a good move to use a business line of credit to cover the remaining down payment and possible furniture costs? Why, or why not?
Also, I can't seem to find much info on what typical rates/terms there are for a business line of credit. Does anyone have a good idea of what these might be?