Posted by Patrick on December 04, 2005 at 15:25:53:
In order to get a line, your llc will still have to have profit and loss statements showing positive activity. Don’t let all the posts sway you to thining otherwise.
Why not use your own credit and build up the llc that way?
Line of Credit Information. HELP - Posted by Mark Baca
Posted by Mark Baca on December 03, 2005 at 18:17:02:
I’m intested in creating a line of credit that will assist in my newly started LLC. How do you go about creating credit for a newly start up business?? Help
Re: Line of Credit Information. HELP - Posted by credit
Posted by credit on December 04, 2005 at 13:56:54:
First of all get a couple business credit cards going and create a credit track record for the company. This is pretty simple. Just google “business credit cards” and you will get a whole slew of cards to apply for.
You can then go to a bank and begin to develop a relationship. Open an account. You could begin with small secured loans. Then develop unsecured lines of credit. Get to know your banker. You might want to target a small bank that is interested in doing real estate loans instead of a large impersonal bank. If the deal is right, he may be willing to loan what you need.
Re: Line of Credit Information. HELP - Posted by Mike (Seattle WA)
Posted by Mike (Seattle WA) on December 05, 2005 at 12:17:04:
www.creditboards.com - look at the business credit section. There’s 48 hours of continous reading here if you’d like going over every step of the process. It’s worth its weight in gold.