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What Is An Unsecured Business Line Of Credit?
For a FREE, NO OBLIGATION, consultation on your specific situation or information on how to obtain an unsecured lines of credit and start your business please call 1-888-939-0808 or complete the form below.
Most small businesses think they have a line of credit. But in reality the line of credit is personally guaranteed by the owner.
For instance you are just starting the business and apply for an American Express card. As the company does not have any credit history American Express will want you to personally guarantee the debt. From their point of view this makes sense, if the business fails American Express will still get paid.
In this scenario the business failure has a domino effect on your personal finances and your personal credit score. Depending on the situation this could mean credit problems for years until it is rectified.
Money problems can lead to a host of other personal problems as well, not the least of which is losing your home to a failed business! But with an unsecured business line of credit you are not personally liable for the debt!
Our staff attorneys obtain an unsecured business line of credit where the company is the creditor and not you.
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