Updated about 3 years ago on . Most recent reply
Line of credit
I am looking for a line of credit maybe $30k - 50k but that will increase over time as the relationship builds. I'm having trouble finding a bank to offer a line of credit because a lot of my business is done in states that I don't live in. Does anyone know of a good line of credit path that would offer the opportunity to invest the funds in whatever state I find a deal?
Most Popular Reply
Check out the local credit unions for better rates. I know I am looking at Hawaii Federal Credit Union for opening up a secured line of credit. From a lot of what I have heard local credit unions are going to have better rates than bigger banks. Funny enough I have Navy Federal Credit Union and they don't do personal lines of credit, which sets me back a little. I am not sure what is the best for your area in regards to has better rates for you, but that is my two cents.