Updated over 8 years ago on . Most recent reply
Business Credit to BRRR
Hello,
I have been searching for a solution to financing with a low, fixed income (disability) and I am wondering if this will work.
After a lot of research I have found a consultant that specializes in lines of credit for business entities (including sole proprietorships) that can include startups with no business credit history. They base your approval on a strong personal credit history and offer 0% APY for 12 billing cycles. I am considering registering a sole propriotorship, applying for funding, getting the credit and using it to BRRR. Will this work? I am under the impression that this will prevent my income being a factor, is this correct?
Thanks in advance for any input!
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And, please make sure that this "consultant that specializes in lines of credit for business entities" is not a scam artist! All the best...