Business Cash Lines of Credit with a PG
We went through a bit about Business Credit Cards with a PG and the long and short of it was that Business Credit Cards can be heavily waited on your personal scores.
Business Cash Lines of Credit are a bit different. First of all, for those of you who do not know, business credit cards are exactly that, a business version to your credit cards. A Business Line of Credit is more like a loan, a revolving loan(if that makes any sense).
Business Cash Lines of credit, when being acquired with a PG, usually still require a business credit score. You will still have to have good business credit and great personal credit to get any meaningful Lines of credit.
A few banks that offer these are Well Fargo, Washington Mutual, Wachovia, Union Bank and California Bank and Trust. I will soon go through the requirements for each of these banks.
- mike
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