|
|
Business
Reliable business loan and development information.
|
|
US $17.00
|
US $4.85
|
|
Question about a business equity loan?
I'm going to purchase a business for 170K cash. I don't own a home. Can i get an equity line of credit on the business? I don't own real estate with the business but it's thriving and profitable business.
If i get business equity line of credit, will it show my name in credit report or my business name?
I bought my second home cash using the equity line from my first house.Then I opened equity line on my second home and bought third home using that money. I bought my fourth home using the same formula. Now my fourth home is free and clear and I think the bank may be reluctant to open equity line of credit on my free and clear home, as my credit report will show too much loan. If I make LLC for the fourth home and get business line of credit, I know I will be the grantor, will my name show on the credit report. Will it be easier way to open line of credit?
Unsecured business equity loan with no real estate transaction involved?
|
|
