Question

Asked: Nov 07, 2009

I've researched many sites claiming to offer business lines of credit Advanta doesn't who REALLY does? Unsecured?

With no hassles, the recession and unemployment now standing at 10.2%. I am looking for a business line of credit under $50K. That will approve me with no collateral..

Categories: In Startup > Startup Financing

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Answers

Erika,

Let's take a deep breath, and a dose of cold, hard reality.

I know of NO reputable banking/business that would offer an unsecured 50K line of credit online and with no hassles.

You might find a guy named Vinny that would do it. Good Luck with him.

Your best bet is the bank you already do business with. Talk to their commercial loans department. They will tell you what you need, how to present it, and what kind of security they will require.

Be very careful of these loan offers, credit lines, grants, etc you see in the spam folder in your email. A little investigation could save you a LOT of money, time, and extreme headaches.

There's an old adage that comes to mind, 'If it sounds too good to be true, it probably is....'

Good Luck!

Source: http://www.abusinessmentor.com

Answered: Nov 08, 2009


My question still has not been answered. I am asking about BUSINESS LINES OF CREDIT. Not LOANS. Those are two different entities. As I stated I've researched many sites claiming to offer business lines of credit Advanta doesn't who REALLY does? Unsecured?

With no hassles, the recession and unemployment now standing at 10.2%. I am looking for a business line of credit under $50K. That will approve me for a business line of credit such as Advanta did with no collateral..

Answered: Nov 08, 2009

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