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RogHard Financial

Tuesday
Jan 06th
Home arrow Business Lines of Credit
Business Lines of Credit Print E-mail
An unsecured business line of credit is a line that is granted by a lending institution that requires no collateral from the borrower. Most unsecured business lines fall between the ranges of $50,000 to $350,000. Unsecured business lines of credit vary greatly from traditional financing in the following ways:

  • Borrower shows no income or assets
  • Borrower only needs a 680 credit score
  • Business entity needs to be in existence for 2 years
  • Helps build credit for your business
  • Line of credit does not show up on your personal credit report
  • Use your line for any expense you see fit
  • Interest is tax deductible

Apart from saving you time and being more convenient, RogHard Financial will help you avoid the MAJOR problem with going at it alone, which is applying to the wrong Lenders, the wrong way, and then getting too many inquiries on your Credit Report so that NO OTHER LENDER will Approve you, even if your Credit is perfect, because you have applied and been denied too many times! If you do this you will kill your chances of getting the financing you need for at least 3 months and probably 6 months, depending on how many times you applied and were denied.

Knowing which Lenders to apply with and how to prepare the Application correctly is not easy, and it takes a lot of work to build and maintain an accurate and up to date database of Lenders and their Loan Programs, as well as personal experiences with each Lender. RogHard Financial has done all that work for you, so that your Applications get approved the first time, and you get the most money you can qualify for.

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