Small Businesses And Startup Businesses Get Capital To Sustain And Grow During The First One To Three Years In Business
Released on: September 5, 2007, 2:01 am
Press Release Author: Janak Mehta
Industry: Real Estate
Press Release Summary: Now business owners across the United States have another resource to obtain a business line of credit - a necessity for helping business people meet their goals and bring their dreams to reality.
Press Release Body: Livonia, Michigan -- Any established small business owner or entrepreneur starting a new business needs a funding source such as a business line of credit to finance their next deal, expansion or new project. There is now a way for business owners to tap into an important new source of business capital.
Business owners with credit scores of more than 675 can go to http://www.getbusinesslinesofcredit.com to apply online for credit lines as high as $500,000 for small businesses. Start up businesses can get as much as $100,000. Initially the credit line is based on the strength of the owner's credit ranking, however, the line of credit attaches to the business rather than the owner's credit report. This is an important consideration for business owners who often are forced to use personal savings or personal credit to fund business operations and growth opportunities. No collateral is required for the business line of credit.
The process is simple. Once you are on the homepage of http://www.getbusinesslinesofcredit.com provide your name and e-mail address to learn about the program. As the first step in the application process, the business owner provides basic information about the business, which helps to determine the amount of the loan. The website http://www.getbusinesslinesofcredit.com outlines the four basic steps in the application process.
A one time processing fee of $29.95 is charged. Once approved, the business owner can receive funds in as little as fifteen business days. Five points are charged upon appproval.
This renewable, revolving line of credit can be used for any purpose. Every business owner understands the need of having a credit line for short term cash flow, capital investment, business startup, business growth, high yield investments, short term equity replacement, debt consolidation, and replacing money and personal credit used for the business. The money can also be used for business reserves.
If your credit score is below 675 http://www.getbusinesslinesofcredit.com can also provide information about repairing your credit, so that you can qualify for a business line of credit in the future.
Janak Mehta, Business Development Director of National Real Estate Network, says, "www.getbusinesslinesofcredit.com is here to help investors, entrepreneurs and business owners to get business lines of credit. This is the real deal."
For further information: http://www.getbusinesslinesofcredit.com
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