Business Owners Qualify for Lines of Credit

(EMAILWIRE.COM, August 28, 2007 ) Detroit, Michigan -- Business owners with a credit score of 675 or greater can qualify for an unsecured business credit line for up to $100,000. If the business has been established for a longer period, the business can get a line of credit up to $500,000. To apply, business owners can go to http://www.GetBusinessLinesofCredit.comto start an easy, four-step application process. The owner’s credit score qualifies the business for the line of credit, but the ongoing credit line will not impact the owner’s personal credit score. This is a critical advantage. How many times has an owner’s credit score suffered from using personal credit to fund financial shortfalls or other business emergencies? To qualify, the credit report has to be free of delinquencies or bankruptcies. The line of credit through http://www.GetBusinessLinesofCredit.com can be used for any purpose – to manage cash flow, provide an emergency reserve, or to replace personal cash or credit used to capitalize a new business. It is best used as a short-term loan. “A line of credit is especially good for business start-ups,” says Michael Ogorek, an entrepreneur and real estate investor. “Typically, a new business cannot get this much capital using an unsecured credit line.”“A business should consider getting a line of credit as a natural part of doing business,” Ogorek says. “Don’t wait until you are facing an emergency before you start looking for money.”Many real estate investment businesses use a business line of credit. For example, an investor may need quick cash to buy an investment property and fix it up for resale. A conventional loan may not work because most lenders will not fund the additional repair costs, marketing expenses and holding costs. A line of credit could provide the needed funds for the investor to buy a property, rehab it, then immediately resell it. When the deal is completed, the investor can use the line of credit all over again.While five points are charged upon approval, the line of credit can be used over and over again without additional points. Advantages of the business line of credit include the following:• Renewable line of credit available up to $100,000-$500,000• No collateral required• Does not impact personal credit• Can be used for any purpose• Funds available for start up businesses and established companiesCredit 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 the 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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