Specific Question about Business Line of Credit

[Creditaddict]

Then I'd go talk to usbank as they have lines and want 2 year business history to start approving them

[Anonymous]

Thanks

I appreciate the help.

I knew I shouldnt have went with WF.  

[MyDataMyChoice]

https://www.bankofamerica.com/smallbusiness/business-financing/working-capital/business-line-of-cred...

[Brianinpa18330grh]

Beleive it or not, Capital One offers a biz LOC. We have it, 50k and doesnt report to Bureaus. The interest is pretty low too. It was fairly easy to get. Also, we have a 75k LOC from Citizens Bank. Interest is under 4%, unsecured and interest only payments are the minimum due. Hope this helps.

[Anonymous]

Wow.  Thats good to hear?

Can I ask what you average revenue was to get that?

I'm at 1.3m but still took a loss my 2nd year, but still paid myself a small salary.

[Anonymous]

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@Brianinpa18330grh wrote:

Beleive it or not, Capital One offers a biz LOC. We have it, 50k and doesnt report to Bureaus. The interest is pretty low too. It was fairly easy to get. Also, we have a 75k LOC from Citizens Bank. Interest is under 4%, unsecured and interest only payments are the minimum due. Hope this helps.

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Do you know what bureaus they pull for this and does this report on personal credit like their CC's?   When you say it doesn't report to the Bureaus - wasn't sure if you meant for personal or business or both.

[Creditaddict]

isn't capital ones loc by invite only?