Skip to content
Rehabbing & House Flipping

User Stats

7
Posts
3
Votes
F Dominic Versailles
  • Rental Property Investor
  • Palm Beach, FL
3
Votes |
7
Posts

Business Line of Credit

F Dominic Versailles
  • Rental Property Investor
  • Palm Beach, FL
Posted Mar 24 2023, 12:37

Does anyone know where I can get a business line of credit for a startup LLC?

User Stats

863
Posts
553
Votes
Jake S.
  • Rental Property Investor
  • Minnesota
553
Votes |
863
Posts
Jake S.
  • Rental Property Investor
  • Minnesota
Replied Mar 24 2023, 12:42

Call up your local credit unions! Highly recommend

User Stats

4
Posts
0
Votes
Adrian Esponera
Pro Member
  • Realtor
  • Lafayette La
0
Votes |
4
Posts
Adrian Esponera
Pro Member
  • Realtor
  • Lafayette La
Replied Mar 24 2023, 12:58

I got one extremely easily with American Express, although it wasn't much just $3800

BiggerPockets logo
BiggerPockets
|
Sponsored
Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes

User Stats

7
Posts
3
Votes
F Dominic Versailles
  • Rental Property Investor
  • Palm Beach, FL
3
Votes |
7
Posts
F Dominic Versailles
  • Rental Property Investor
  • Palm Beach, FL
Replied Mar 25 2023, 05:35

@Adrian Esponera - I tried as well, but they now want to see revenue which I currently do not have yet. Thanks for the response.

User Stats

7
Posts
3
Votes
F Dominic Versailles
  • Rental Property Investor
  • Palm Beach, FL
3
Votes |
7
Posts
F Dominic Versailles
  • Rental Property Investor
  • Palm Beach, FL
Replied Mar 25 2023, 05:36

@Jake S.- They want to see revenue which I currently do not have. Thanks though.

User Stats

9
Posts
2
Votes
Wanda P.
  • Investor
2
Votes |
9
Posts
Wanda P.
  • Investor
Replied Jun 8 2023, 18:14

Hi. Any update? Were you able to find a bank to give you a BLOC? 

User Stats

6
Posts
4
Votes
Replied Jun 8 2023, 22:00
Quote from @F Dominic Versailles:

Does anyone know where I can get a business line of credit for a startup LLC?


You should be able to get Cards like the Chase Ink Business, and both American Express Blue Business cards as well as a few others. With a new LLC you would have to personally guarantee the line of credit as long as you have above a 700 credit score and everything in the LLC is filed right, you should be approved for it.