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(EMAILWIRE.COM, May 13, 2008 ) Ann Arbor, MI — Pat Gage, the Opportunity Creator, shared some valuable information about business lines of credit at an investor’s meeting in Ann Arbor. We’ve all heard that “good debt” is ok, but that “bad debt” can be a disaster. That’s true for someone’s personal balance sheet and may be even more important for a small business.
What’s “bad” debt? Think high interest rates for cash spent on depreciating assets. It’s impossible to grow personal wealth or business value if most of what comes in is used to pay off high interest credit purchases that have little or no lasting worth.
What’s “good” debt? Consider debt that provides a competitive advantage. For example, access to cash might allow you to take advantage of a profitable opportunity that you would otherwise miss. Sometimes, having the ability to act quickly using cash reserves or business credit can make all the difference.
If you were able to borrow money and invest it for significantly higher returns, would it be worth it? It might if the investment was in line with your business plan and made sense to your overall strategy. However, do not make the mistake of spending borrowed money on something that wonÂ’t garner enough of an upside return or create enough additional cash flow to justify the expense. You may very well jeopardize your financial health.
Businesses frequently turn to long term financing for working capital or borrow to buy equipment or to pay for business expansion. The loans are usually secured by tangible assets, by receivables or sometimes by the ownerÂ’s personal assets, such as a home.
For short term funds, a preferred alternative is an unsecured business line of credit. Some advantages of a business line of credit include:
• Interest paid only when the funds are used
• Pre-approved credit
• Money can be used for any purpose
• Available cash for emergencies
• Renewable, reusable source of funds
Pat Gage, The Opportunity Creator, and a leading expert in the field of business credit has helped a number of clients target his specialty, starting, expanding, and growing their businesses through his trademarked 10 Steps to Money System. The Opportunity Creator is not only a sought after business credit coach but also a national speaker. For more information on FREE CD on business line of credit, visit GageÂ’s site at http://www.10stepstomoney.com
The "10 Steps To Money Quick Start" CD is one of the most real-life; step-by-step business funding systems youÂ’ll find anywhere with strategies, tips and techniques known by a select few. Until now!
Discover a proven, but little-known system to tap into unlimited sources of Money to grow your business, buy the inventory you need, hire that sales staff and lease that fleet of trucks that will give you that competitive advantage. For example, you'll learn strategies and secrets, like...
• How to effectively separate your personal assets from your business to protect your corporate veil…and your family’s well-being.
• How to obtain a DUNS number in less than 9 hours and build a bulletproof business credit profile with multiple business credit bureaus and have the bankers calling you.
• How to Get Business Credit cards and lines of Credit from $30,000 to $100,000+ with interest rates that won't break to bank.
• Step-by-step instructions in the art of filling out funding applications. It took me 2 years to perfect this simple system that prevents failure and keeps you from making mistakes. You can be prepared or declined. The choice is yours.
... And much, much more!
For more information on FREE CD on business line of credit, visit GageÂ’s site at http://www.10stepstomoney.com
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Destiny Now, LLC
Pat Gage
877-262-0688
info@opportunitycreator.com 
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