a line of credit to start a business? We offer a stated income business
startup loans, specifically a no doc loan for starting a business.
Program Is No Longer Available - Sorry
is a recap of our no doc business startup line of credit
program as well as a link to apply through our simple confidential
application (You do not need to give us your Social Security number).
Simple Process to apply for a line of credit to start a business:
our simple small business start up pre-qualification form (No
up front fees) with Stated Income and No
do our best to pre-qualify you for a line of credit to start
your a business
up to $75,000 in as little as 10 business days
entity with EIN #
(Unsecuredno doc business line of credit!)
A mid credit
score of 720 or above (If you
aren't quite there, we can refer you to one of our partners
that can go lower)
to the personal credit bureaus
rates as low as 8.99% and 0% the first 6 to 12 months!
Program Is No Longer Available - Sorry
Frequently Asked Questions
What can I use my Unsecured Business Credit Line for?
Our unsecured business credit lines can be used for pretty much
any type of business expense, but are most effectively used to overcome
short term capital needs, which we define as a Zero to Eighteen
month time-frame. Following are some examples: Marketing campaigns,
expansion, capitalize on inventore pricing opportunities and flipping
Will your Unsecured Business Credit Lines report to the
personal credit bureaus?
Never! We guarantee that all business credit lines you acquire
through us will not report to the personal credit bureaus, unless
you begin missing payments and default. You may draw on the entire
balances of these lines without fear of bringing down your personal
If my personal credit isn’t great, can I use a co-signer?
We accept co-signers. If you have someone with stronger credit
than you and they are willing to personally guarantee your business
credit line, we will help you so you're able to utilize your co-signor
to acquire capital for your small business.
Are business credit cards a Unsecured Business Credit Line?
Yes, a business credit card is one of the most common forms of
unsecured commercial credit. While the format of the credit line
causes most business owners from obtaining them, our trained professionals
teach our clients how to draw on the lines efficiently, so that
they may be used like a check-book line of credit, without paying
rediculous cash advance fee’s. While credit cards are often
stigmatized by the public by begin associated with bad-debt, we
coach our clients to creatively utilize these source of cash to
grow their businesses faster than their competitiors.
A Business vs. Getting A Job
a business today has some distinct advantages never before experienced
however the economic conditions are certainly challenging. Unfortunately
for many people, starting a business may be their only choice. I
mean how many people are unemployed today? The official government
unemployment data says there are 12.75 million people unemployed
however, the real (i.e. not dropping people off because they stopped
looking, etc.) number according to The Economic Populist website
is more like 27.5 million unemployed.
where do you think the odds are better, finding a JOB (“Just
over broke”) or venturing out on your own and starting
a business. And if you are over 40 (used to be 50), your
odds of finding a job are much worse. No one cares how old you are
if you start a business. I guess you’ve figured out by now
how I feel and I can tell you that starting your own business is
no bed of roses. However, allow me to play Devil’s advocate
and contend that getting and having a job is the least risky. I
mean hey, many if not most start up businesses fail, right. So then
having a job is more secure than owning your own business.
not so fast. I would like to provide some facts/premises that say
20 years ago, I would say (and did say and do) that a job is more
secure. However, with corporations firing people at the drop of
a hat just to pump up their stock price and the exportation of jobs
to extremely low paying countries, that security is a thing of the
with the Internet and low cost communications a small start up business
can often compete with the big boys. Also, a business start
up can significantly improve their odds of not only surviving
but thriving. This can be accomplished through careful, thorough
planning and testing before taking the plunge.
if you want to start a business or already in the process of starting
a business, a) do your research and planning, b) beef up your skill
set needed for your new venture, c) work both smart and hard (no
different than what you would do in a job for someone else’s
gain), work on a tightly controlled budget and get sufficient start
up capital to succeed. You can do it! Here is an interesting
article on being a self-employed