New Startup Companies Get Business Credit

New Startup Companies Get Business Credit

2007-08-28 16:14:15 –

August 28, 2007 ) Detroit, Michigan — Business startups now have
access to a critical source of business capital. With a credit score of
675 or greater, a business owner can get an unsecured line of credit
for up to $100,000 for a new business. A more established business can
get a line of credit up to $500,000.

Qualified business owners can go to to apply for the line of credit. The online application process is quick and easy, with just a few basic steps.

A business line of credit is one of the best tools a startup company
can have. Interest is only charged when the funds are used and the
funds can be used for any purpose. A business can use the money to
manage short term cash flow issues, take advantage of immediate
high-return opportunities, replace personal money used to fund the
business, and use as emergency financial reserves.

While the line of credit is based on the owners personal credit score,
the business line does not impact the owner’s personal credit score
because the line of credit is tied to the business. Five points are
charged upon approval, and they can be funded from the credit line.

Key features of the small business loan include the following:
• Credit available up to $100,000-$500,000
• No collateral required
• Can be used for any purpose
• Funds available for start up businesses and established companies

How can a business get the line of credit? Business owners can go to the Web site at and confirm their eligibility and start the application process.

From the homepage, a visitor to the Web site provides his or her name
and e-mail address to learn more about the program. The easy steps
consist of locating and filling out small amounts of information in
order to determine what size loan the business qualifies for.

The steps are simple and tell the user how to organize and gather
needed documents. A one-time fee of $29.95 is charged to process the
loan application.

Funds can be received in as little as fifteen business days. A short
visit to the Web site can help any potential borrower to understand the
entire process.

Credit lines are available in the following states:

Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California
, Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL),
Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN),
Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME),
Maryland (MD), Massachusetts (MA), Michigan(MI), Minnesota (MN),
Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada
(NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York
(NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK),
Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC),
South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT),
Virginia (VA) , Washington (WA), West Virginia (WV), Wisconsin (WI),
Wyoming (WY)

Credit lines are available in the following Major Metro Areas:

Albuquerque, Atlanta, Austin Baltimore, Boston, Charlotte, Chicago,
Chico, Cincinnati, Cleveland, Columbus, Dallas, Fort Worth, Denver,
Bolder, Detroit, Ft Lauderdale, Palm Beach, Harford, Houston,
Indianapolis, Jacksonville, Kansas City, Las Vegas, Little Rock, Long
Island, Los Angeles, Memphis, Miami, Milwaukee, Minneapolis, St Paul,
Monterey, Nashville, New Haven, New York, Oakland, East Bay, Oklahoma
City, Orange County, Orlando, Philadelphia, Phoenix, Pittsburgh,
Portland, Puerto Rico, Raleigh-Durham, Reno, Tahoe, Rochester,
Sacramento, Salt Lake City, San Francisco, San Jose, Silicon Valley,
Santa Fe, Seattle, Spokane, Springfield, St. Louis, Tampa, Toronto,
Tucson, and Washington Dc.

For further information:

Web site:

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