Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Brian Wood
  • Evington, VA
0
Votes |
4
Posts

Unsecured Business Line of Credit and Your Credit Score

Brian Wood
  • Evington, VA
Posted

I have a small business and my bank offered me an unsecured line of credit of 60k at 5% with no annual fee.  I already have a home equity line of 180k at 5.5% that I'm not using.  My small business does pretty good and I have decent amount of cash on hand, but I'm looking to start investing in real estate and don't quite know what strategies I'm going to do yet and don't know how much money I will end up needing.  

If I go with the line of credit does my credit take a hit?  I'm a sole proprietor so I'm not sure if my personal will be linked to the business line of credit.

Loading replies...