Credit Line for Corporation


Credit Line for Corporation

Having to go through the process of applying for funds each time your business needs them can be a time consuming process. One good alternative is to establish for credit line for corporation use only. This is a type of funding source that allows you to have a maximum limit of funds you can access. With a credit line for corporation you can decide when you want to access the funds. It can be a portion of the credit limit or the entire amount depending on your needs.

With a credit line for corporation use you will only pay on the account when you have a balance owed. The amount of your payments will depend on the balance you have on the credit line at that time. It is very important that you find out how much your payments will be so that you know you can cover them. In most cases the payments due are a set percentage of the amount of the credit line for corporation use that has been accessed.

It is sad that many unsuspecting new entrepreneurs don't know a few simple credit things that could mean the difference between a "Going Out Of Business" sign, or a "We Are Hiring and Expanding" sign displayed in the window of their new business.

If you are thinking about trying to create a profitable business, or struggling to make your current business grow, please take a few minutes to read our story, and learn from our mistakes.
click here to read more!

If you would like to learn the difference between "business credit" and "real corporate credit" click here

Please take the time to get your financing in place BEFORE the next big wealth creation opportunity knocks on your door, and you are forced to turn it down. There is a way to take advantage of future opportunities, if you start today!

Patti & Robert Farnham
(authors of "Corporate Credit Power)



More Corporate Credit Articles:

Growing Business Credit

Growing business credit is a slow process but one that is well worth the effort involved in it. You want to be careful with business credit though because it can either make or break your business. If you abuse business credit then it won’t be there when you really (click here for the complete "Growing Business Credit" article.)



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Readers Comments

Hi Patti and Rob
Thanks yo so much for all the info. I think I'm actually going to start my own restaurant. I just met with a chef who has owned and worked for many, many businesses. He said he wished he could have found your info years ago! And he's been in this business for over 30 years. I'm going to be able to do this without jeopardizing my or my husbands credit. My husband has owned his own corporation for years, and as you mentioned, everything he has done in the past 15 years reflects back to his SS# and personal info!! That stinks. We are both studying all of this new info.
Thanks Again!!
Sincerely,

Michelle






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