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brand new, unproven online biz startup

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Anonymous
Not applicable

brand new, unproven online biz startup

I have it running,  but i need to lay my hands on about 5k of cash, can it be done somehow, with biz credit? 

 

I have no personal credit lines, a couple of small negatives that i COULD pay off, if need be and if it would make the diff. Total about 1k's worth

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IWOL
Established Contributor

Re: brand new, unproven online biz startup


@Anonymous wrote:

I have it running,  but i need to lay my hands on about 5k of cash, can it be done somehow, with biz credit? 

 

I have no personal credit lines, a couple of small negatives that i COULD pay off, if need be and if it would make the diff. Total about 1k's worth


It doesent sound like your profile would support a Biz card approval of 5K+. Also, you woudl not want to use a credit for cash becasue you will pay very high fees plus very high interest on a cash advance.

If you need cash for a business you should try an go for a Biz line of credit.


Message 2 of 3
Creditaddict
Legendary Contributor

Re: brand new, unproven online biz startup

Business Credit wont happen beyond net 30 accounts without fixing your personal credit.

Business lines of credit are pretty much not possible before 2 years in business and very good personal credit.

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