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Cash Lines of Credit

Unsecured Cash Lines of Credit

  • Unsecured Business Lines of Credit from $100,000 to $200,000

  • No Collateral Required for Credit

  • You Don’t Pay Until Your Business Gets Financed


The Cash Credit Lines program is a no-risk service. All you need is to purchase an Aged Corporation and you are enrolled into the business financing program.


This program provides information on how to get unsecured cash lines of credit for your business and for personal use. These lines of credit are not reported on your personal credit, they are business lines tied directly to the business name. Although personally guaranteed by an individual with good credit, they do not report specifically due to the fact that they are business lines of credit.

The lines that are established generally begin with a personal guarantee that does not have to be you, it can be your business partner, relative, friend or anyone that believes in the business and in you. By using a personal guarantee we are able to get you a lot more money in the least amount of time. The reason for this is the fact that we are typically working with new business entities that lack sufficient credit history in order to get the hundreds of thousands of dollars that you need. The guarantor does not have to be tied to the line of credit permanently. With the correct documentation and keeping proper corporate records, the personal guarantees can be removed in as little as 6 to 12 months.

How Much Business Credit Can You Get?

Three factors go into determining how much funding can be attained for your business, those are:

  • The personal credit of your guarantor: the better that individual’s credit scores are the more money we can secure and of course, with multiple guarantors the credit amounts go up even further.
  • The history of your business: are you incorporated, how long have you been incorporated, do you have tax returns for the last couple of years, what is the business revenue?
  • Collateral: if you have collateral that you can use for additional funding, we can get considerably larger amounts of credit, faster.

When you submit your information, we create a corporate credit rating document and we will tell you exactly how much money we can get you on the first round and through the entire process of working with your business.

How It Works

Typically we like to plan a one-year relationship with our clients for the full funding program. In most cases, credit is granted and funded within the first 3- to 45 days however. A full round of funding can take anywhere from 2 to 3 months, which includes, starting the funding process, attaining all of the funding and any credit enhancement that might be necessary in order to begin subsequent rounds of funding. Some clients will receive up to 3 or 4 rounds of funding throughout the course of a year, assuming that they want to continue with the service.

Using Your New Business Credit

With the credit we get your company, you are able to use it for whatever purpose makes sense for your business. It should be remember that these are not personal loans and not be used for personal items, but when it comes to your business any form of acceptable use of funds is appropriate. You can use your business credit funding for all of your business needs, this includes in starting up a new venture, marketing, expansion or investing in another business model.

Our service works for any type of corporation, in any industry and in every state. C corporations, S corporations, Limited Liability Companies as well as special programs for professionals who have Professional Corporations.

A large portion of our clients are start up and new businesses and yes we can get funding for startups and it is something that we are particularly good at.

Corporations that have been around for multiple years get better results and more funding, which is why we recommend that you start out with an aged corporation if you have aggressive credit goals and funding requirements for your business.

All businesses are eligible for funding, regardless of what state or industry that you’re in. We have special programs for professionals, such as Doctors, Veterinarians, CPA’s and sometimes Chiropractors and Pharmacists.

If happen to be in an industry that is presently hurting in the economy and are afraid that you will get less funding, we have ways to work with you in order to achieve your funding goals and credit needs.

A huge component of this program is building your business credit in order to establish positive credit profiles and history for your company. This will be there for years after the initial program, so you can go back to the same lenders and credit issuers down the road and get funded on your own.

Guarantors need minimum FICO score of 720 with all three credit-reporting agencies, but the credit report will be evaluated through a complete checklist in order to qualify your credit guarantor.

When you submit your information to us, we will perform a complete analysis and return you a full credit profile document and we will be able to tell you how much funding we can get you throughout the program.

We can informally pre qualify guarantors, however in order to join the program, we will have to run your guarantors credit before we are able to perform any analysis.

When you submit your authorization to run your credit, we submit what is called a “tri merge” credit report. This is credit information pulled form Experian, Equifax and Transunion. This will result in one inquiry being placed with the credit bureaus. You can avoid this by signing up with www.truecredit.com and supply us with the login and password and we can get the information we need without any inquiries on your personal credit reports.

The lenders we work with use one or more of the three credit reporting agencies at random, so we need to look at all of the information we will be releasing to the lenders for analysis.

The credit history your business plays an important role in determining how much funding is available, in general the better history and rating you have, the more funding is available. For new businesses without credit history, we establish your credit profile, get you credit scores and ratings solely based on your business in order to maximize funding availability.

Business Credit Eligibility

In order to determine your eligibility for funding two components will be evaluated:

  • Personal Credit of the Guarantor: there are a few things that will disqualify you from the program on your personal guarantors credit reports, specifically recent tax liens, bankruptcy, too many inquiries, too many late payments, charge-off’s, collections and a number of derogatory items. Too much debt on your credit report will play a factor in qualification for our program as well.
  • Business Credit History: even if you have preexisting bad credit with your corporate entity, we can work around that with a number of business products.

All businesses need a few basic requirements to meet funding requirements, a few of these are:

  • A legal entity, meaning an incorporated business
  • Business address
  • Business phone number that is 411 listed

If you personally have bad credit and still want to be in our program, you still have options, the fastest being to get a guarantor with good credit. This could be a friend, family member or anyone that believes in the business and in you. There are credit repair options that you can utilize if you have discrepancies on the guarantors credit report that do not qualify you for our program.

All funding is based on the US credit system, so guarantors need to have US credit history in order to qualify. If necessary, you can find a resident guarantor that does meet the qualification requirements and proceed with the program. In this case, there is liability for the guarantor of the credit if the business defaults on the terms.

Once a guarantor has been pre qualified and approved, it is critical that the individual does not go and damage their credit scores.

Lines of Business Credit vs. Loans

Lines of credit work much in the same way as a credit card. There is no prepayment penalty and you can use the credit as much or as little as you feel necessary. These lines of credit are good indefinitely and you can use it for as long as your business is in business. Lines of credit have benefits over loans, a traditional loan could be in terms of 5 to 7 years with 100% balance plus interest payments starting the day the loan is issued and once it is paid off, it’s gone. Lines of credit can be open up to 30 to 40 years as long as you are in business and in good standing with your lender.

The lender network ranges from national and regional banks and through the consulting you receive as part of the program, we match your business with lenders that are most likely to grant larger lines of credit with more favorable terms.

 

Access to cash is a necessary part of business creation and survival. In order for a business to survive and grow, it is important to have cash on demand.

So, for a business owner, having access to unsecured business lines of credit can be a great relief in order to access cash when it is needed. Business owners want easy-to-get cash, whenever it is needed. The National Federation of Independent Businesses says, “Think of it as an insurance policy that never needs to be paid until you need it.”
There are a couple types of unsecured business lines of credit. One is traditional and the other is non-traditional.
Which one is best?
Traditional cash lines of credit for business are granted by a bank.  They require mounds of documents, including financial statements, personal tax returns, business tax returns, bank account documents, business filing documents and more.
Moreover, after the line is given, they will review you on a regular basis in order to keep the credit line. So, while traditional business credit lines are nice to have, they tend to be the hardest to get and keep.

The National Small Business Association conducted a survey and found that 29% of small business owners said they had their lines of credit reduced in the last four years. Plus, about one in ten had their credit lines cancelled early by the bank.

Non-traditional lines of credit, such as business credit cards, tend to be the best types of unsecured business lines of credit you can get. They give you fast access to cash and flexibility in repayment. Plus, they tend to be much easier to get.

Getting this type of revolving credit doesn’t involve the gobs of paperwork, nor does it typically involve annual reviews. There is significantly less scrutiny than with a traditional line of credit.

Here are some of the big benefits of non-traditional business lines of credit:

1) Easy access to fast cash

2) High credit limits

3) Flexible

4) Separation of business credit cards from personal credit cards.

5) Can protect your personal credit from business debt

Regardless of the type of unsecured business lines of credit you decide is best for you, it is important to manage debt in a responsible manner. Only borrow for business development or growth, but not to buy unneeded luxury items or to pay personal bills. Both traditional and non-traditional business lines of credit are helpful tools for just about any business to have in its Traditional and non-traditional business lines of credit are essential tools for any business to have in its toolbox.

 

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Without the free credit consultation, I would have purchased any credit builder program, but after talking to the counselors and being told about the world of business credit and having my options explained to me, I made a confident decision for my business. Without that, it could have taken me much longer to be where I am now. I have tens of thousands of dollars in credit lines and received a cash line from a bank in months. You have a great team!
John V. MaureCEO