How to Get a Business Line of Credit

[Anonymous]

I have a business with no debts, about 700k rev , and 4-5 year history.

my personal credit score is 695 ( equifax ) , 720 ( Transunion ), 705 Experian

I have about 5 k debt on credit card of about 30k limit.

800k loan mortgage and one car lease...

any idea which bank would give me money?

[Marvintran]

With your scores you should have no problem getting a loan from Amex Business LOC.

They're  Very stricks with BK and CO, and high Ultil..

Also your Local Banks should be no problem if you have all your income docs.

[Anonymous]

---

asdfasdfas wrote:

I have a business with no debts, about 700k rev , and 4-5 year history.

my personal credit score is 695 ( equifax ) , 720 ( Transunion ), 705 Experian

I have about 5 k debt on credit card of about 30k limit.

800k loan mortgage and one car lease...

any idea which bank would give me money?

---

To get Business credit the company usually have assets so that the lender can be assured the the company will be able to cover in case of default.

Or

You can personal stand behind that line of credit that is in the company's name, but if the company fails you will be as liable as the company.

Regards

[Anonymous]

I have no CO or BK.

but i called American Express and they said they no longer do LOC's.

Any other easy ones?