Business converted to LLC, suggestions on line of credit

[Dwayne Jones]

I have several years of experience as a general contractor and investor and this year decided to convert to an LLC. I have properties clear and free in my name personally and wanted suggestions on securing a business line of credit without signing as a guarantee. No problem quit claiming or creating a note from myself to the LLC. I would like the ability to operate without having to get bank loans and or construction loans. Currently, Memphis is a open market but conventional financing methods take a long time and most HML are skeptical about Tennessee. Cash rules and a business line would open up additional opportunities plus I would like to limit my personal liability but willing to put skin in the game via real estate equity. Suggestions would be appreciated.

[Curt Davis]

It will be very difficult to find a lender to do a line against homes in an Llc with no guarantee