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Business Credit and Hard money lenders

Posted on: Sat, 08/15/2009 - 20:19
Business Credit and Hard money lenders

Dear DG family
Does anyone know how to establish business credit seperate from your own.
I was sent a letter from a company D and B wanting me to set up business credit through them.
I don't have good credit but have a $200,000 home with 100% equity.
Also does anyone know anyone who would lend me money
with that $200,000 home either a hard money lender or an institution that will loan me money solely based on my equity.

Phil

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Posted on: Sat, 08/15/2009 - 20:49 #1
Money

How much money are you looking for. I know of some people that might want to help.


Posted on: Sat, 08/15/2009 - 21:00 #2
About $30,000

About $30,000


Posted on: Sat, 09/05/2009 - 04:29 #3
Why

Why dont you open a home equity line of credit


Posted on: Sat, 09/05/2009 - 04:54 #4
philhaynes,

It looks like Rick gave you some insight on the home equity line of credit (HELOC). They are usaully eays to apply for with no fees and a very attractive interest rate usually under 4%. This could be an option for you. Good luck. Believe and Achieve! Smiling - Joe

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