Ethical Resources For Ethical Small Business Owners
Friday March 12th 2010

Small Business Line Of Credit

An unsecured small business line of credit can be the lifeblood of a small business … because it’s cash flow.

In today’s economy, cash flow is the primary reason so many small businesses are going out of business.

The traditional source of a line of credit is your bank. However, today banks are unable or unwilling to extend lines of credit to a company or an individual unless they are an A+ credit risk (meaning, they don’t really need to borrow cash).

Bottom line … it is almost impossible to get a cash loan.

At ethX Small Business Resources, we search for ethical resources for small business owners.

We have recently found a new program from one of our trusted resources.

Our Primary Program Currently Features:*

  • Personal Credit Lines Of $10,000 – $250,000
  • Employed Or Self-Employed
  • Stated Income
  • Interest Rate Currently Lower Than Most Other Programs (depends on credit score and debt ratio)
  • Minimum Credit Score of 700
  • Borrower Obtains Credit Reports Directly
  • NO Upfront Fees (other than borrower pays for 2 credit reports directly, less than $50 cost)
  • NO Application Fee
  • Requires A Scan Of Driver’s License, Social Security Card and a Copy Of Utility Bill
  • Uses A 1-Page Application
  • Entire Process Is Usually Very Fast (in as little as 72 hours in some cases, though can take 3-4 weeks sometimes)

Full Disclosure:

While the interest rate is relatively good for today’s economic times (and the lack of much small business lending), there are points charged when you get funded for this loan. In other words, you pay an initial fee out of the money you borrow when you borrow it.

*Our primary program is actually a personal line of credit for small business owners. While unsecured with your home or assets, you do have to sign as being personally responsible for the loan. (Note: while there are many claims for unsecured loans without having to personally sign for them on the internet these days, the likelihood of actually getting such funding is unlikely. Do not be fooled by unbelievable claims. This program is legit, ethical, and is actually funding loans.)

While some of our resources and advisers are located in other states, we are headquartered in the Twin Cities. We offer this loan program in all states. We are real people: financial consultants, attorneys, actuaries, business advisers and marketing pros.

CLICK HERE TO CONTACT US ABOUT THIS PROGRAM

The above detailethXs are for one line of credit program currently offered. Other programs are available; however, while we prefer no fee programs, other programs may have different requirements required by the lender including application and/or upfront fees, different rates, and different terms (you are always fully informed of all details before applying). This is NOT an offer to extend you a loan or line of credit. Not every applicant will be approved. Terms subject to change at any time.

StumbleUpon It!