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Updated over 7 years ago on . Most recent reply

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Crystal Salton
  • Flipper/Rehabber
  • Atlanta, GA & S. FL
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How to secure a Line Of Credit

Crystal Salton
  • Flipper/Rehabber
  • Atlanta, GA & S. FL
Posted
Which bank is best for a business line of credit? I hv good credit and a substantial amount of savings. How does one obtain a business line of credit ?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Originally posted by @Wayne Brooks:

Your own bank i your best bet.  But, banks generally give business lines of credits to established, profitable businesses that have been in business for a couple of years......not for start ups or "I have an idea".

and especially for a real estate start up.. this is near impossible.. for some one new to the game.. need to look at securing loans with assets. 

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JLH Capital Partners

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