OK, so I've heard about unsecured business loans and I've heard about unsecured business lines of credit.
I have seen some offers for up to $100K for the loan. Can anyone else here share offers that you have found for these types of loans? There are only 2 rules here:
1. It must be a source of money which is unsecured
2. It must be an option for a business (LLC, Corp., etc.)
BofA offers unsecured lines of credit here in CA, don't know about Ohio. Up to $15,000 if you have been in business for less then a year. They will lend up to 10% of your annual gross sales. I'm not sure what kind of documentation they are asking for.
All the best!
Thank you, I haven't talked with the BOA people. Do you know what kinds of terms to expect? I would imagine it is prime plus X...
Sorry, don't have the terms.