LOC with PG needed

[Griff2010]

First, sorry about the other post. It was a little confusing in what I am seeking so I'll try again.

 

 

What I have done:

 

1- researched name.. was clear in my state

2- Got an EIN

3- Applied for LLC

4- Open Biz Checking

5- Got biz phone

6- DNB number

 

 

My LLC has no credit period. I am needing roughly $35,000 to start my operations and I need it soon. My credit score is flawless. Never been late. What I need (from reading here is an LOC). I am willing to PG the LOC but would like to apply for the easiest and hopefully STATED income.

 

I have seen all kinds on here, but finding the right info is hard. I understand that BofA is the easiest and they approve online, but where's the link? anyway, thanks for all that you have shared here and thanks for helping me personally.

[greywolf]

No income business start up loans/LOCs nearly do not exist. Sovereign bank has a no doc on under $25k LOC, but I don't know if you are in their service area. If you were willing to split the LOC up into smaller accounts, ie 3 LOCs with $10K limits each, I think you might have an easier time. Check your local CU's/banks and see what they can offer. You should be looking for the following:

 

Auto renewing

Fair rate, no higher than 3-4% + prime

Not reporting on personal CRAs

Low/No annual fee

[Griff2010]

No income business start up loans/LOCs nearly do not exist. Sovereign bank has a no doc on under $25k LOC, but I don't know if you are in their service area. If you were willing to split the LOC up into smaller accounts, ie 3 LOCs with $10K limits each, I think you might have an easier time. Check your local CU's/banks and see what they can offer. You should be looking for the following:

 

Auto renewing

Fair rate, no higher than 3-4% + prime

Not reporting on personal CRAs

Low/No annual fee

 

What about some of the ones that people have gotten on here. Bank of America, Horizon.... etc?? I don't mind several of them.

I'm in Ms. Here are some banks listed in my area:

 

Bancorp

Citizen\Bank First

CB&s

Cadence

Citizens national

M&F

Regions (who said that I would have to be in biz for 3 years to get a loan)

Renasant

State Farm

TrustMark

 

CU's:

 

B&W

Educational Federal

Municipal Federal

East Central Federal

Members 1st Community Credit

New Horizon's

Statewide Federal

Triangle Federal

Twin States Federal

[BRBiz]

No income business start up loans/LOCs nearly do not exist. Sovereign bank has a no doc on under $25k LOC, but I don't know if you are in their service area. If you were willing to split the LOC up into smaller accounts, ie 3 LOCs with $10K limits each, I think you might have an easier time. Check your local CU's/banks and see what they can offer. You should be looking for the following:

 

Auto renewing

Fair rate, no higher than 3-4% + prime

Not reporting on personal CRAs

Low/No annual fee

 

What about some of the ones that people have gotten on here. Bank of America, Horizon.... etc?? I don't mind several of them.

I'm in Ms. Here are some banks listed in my area:

 

Bancorp

Citizen\Bank First

CB&s

Cadence

Citizens national

M&F

Regions (who said that I would have to be in biz for 3 years to get a loan)

Renasant

State Farm

TrustMark

 

CU's:

 

B&W

Educational Federal

Municipal Federal

East Central Federal

Members 1st Community Credit

New Horizon's

Statewide Federal

Triangle Federal

Twin States Federal

 

Open a business account at a local CU, stay away from the large banks, you really just need to check out the CU's and see what they offer any loan you do get is based purley on your personal credit and nothing to do with your business .

[Griff2010]

No income business start up loans/LOCs nearly do not exist. Sovereign bank has a no doc on under $25k LOC, but I don't know if you are in their service area. If you were willing to split the LOC up into smaller accounts, ie 3 LOCs with $10K limits each, I think you might have an easier time. Check your local CU's/banks and see what they can offer. You should be looking for the following:

 

Auto renewing

Fair rate, no higher than 3-4% + prime

Not reporting on personal CRAs

Low/No annual fee

 

What about some of the ones that people have gotten on here. Bank of America, Horizon.... etc?? I don't mind several of them.

I'm in Ms. Here are some banks listed in my area:

 

Bancorp

Citizen\Bank First

CB&s

Cadence

Citizens national

M&F

Regions (who said that I would have to be in biz for 3 years to get a loan)

Renasant

State Farm

TrustMark

 

CU's:

 

B&W

Educational Federal

Municipal Federal

East Central Federal

Members 1st Community Credit

New Horizon's

Statewide Federal

Triangle Federal

Twin States Federal

 

Open a business account at a local CU, stay away from the large banks, you really just need to check out the CU's and see what they offer any loan you do get is based purley on your personal credit and nothing to do with your business .

 

 

None of these CU's offer business LOCs that I can see.

 

WHat about KEY BANK??