Small Business Lines of Credit Making a Difference

(EMAILWIRE.COM, August 11, 2007 ) Birmingham, Michigan – According to most small business experts, the biggest challenge for small business owners is having enough money on hand to withstand the ups and downs of the first few years in business. One of the best solutions for small business capital is to establish a business line of credit. A business owner with good credit scores can apply for a line of credit up to $100,000- $500,000 at http://www.GetBusinessLinesofCredit.com. The owner of the business must have a credit score of at least 675 with no delinquencies, deficiencies or bankruptcies. Because the business tax id is used, there is no negative impact on the owner’s credit report. The line of credit can be used for any reason. Also, the line of credit is unsecured, so it does not tie up either personal credit or business assets. According to Wikipedia, a common rule of thumb for a small business is that the entrepreneur should have access to at least as much money as the projected revenue for the first year in business, plus any other anticipated expenses. “For example, if the prospective owner thinks that he will generate $100,000 in revenues in the first year with $150,000 in start-up expenses, then he should have no less than $250,000 available.”While many small business owners finance their business using a credit card, it is not a good alternative because interest rates usually exceed a line of credit.According to Michael Ogorek, an entrepreneur and real estate investor, one of the best ways to fund business growth or to take advantage of investment opportunities is to establish a business line of credit that does not show up on a business owner’s personal credit report. He says that this approach can eliminate the impact of “maxing out” personal credit. “Almost every small business owner has used his personal assets or credit to fund his business,” Ogorek says. He says a business owner may want to eliminate the personal credit challenge by setting up a business line of credit that will provide easy access to cash when it is needed. A business can use the line of credit over and over again. Possible uses include:• Short term cash flow• Capital investment• Business startup• Business Growth • High Yield investments• Short-term equity replacement• Debt consolidation • Clean up personal credit used to fund a business enterprise• Business ReserveCredit lines are available in the following states: Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan(MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA) , Washington (WA), West Virginia (WV), Wisconsin (WI), Wyoming (WY) Credit lines are available in following Major Metro Areas: Albuquerque, Atlanta, Austin Baltimore, Boston, Charlotte, Chicago, Chico, Cincinnati, Cleveland, Columbus, Dallas, Fort Worth, Denver, Bolder, Detroit, Ft Lauderdale, Palm Beach, Harford, Houston, Indianapolis, Jacksonville, Kansas City, Las Vegas, Little Rock, Long Island, Los Angeles, Memphis, Miami, Milwaukee, Minneapolis, St Paul, Monterey, Nashville, New Haven, New York, Oakland, East Bay, Oklahoma City, Orange County, Orlando, Philadelphia, Phoenix, Pittsburgh, Portland, Puerto Rico, Raleigh-Durham, Reno, Tahoe, Rochester, Sacramento, Salt Lake City, San Francisco, San Jose, Silicon Valley, Santa Fe, Seattle, Spokane, Springfield, St. Louis, Tampa, Toronto, Tucson, and Washington Dc. For further information: info@www.GetBusinessLinesofCredit.com Web site: http://www.GetBusinessLinesofCredit.com.###This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

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