Livonia, Michigan (PressExposure) September 25, 2007 -- The National Real Estate Network (NREN) has added BusinessLinesOfCredit.com (http://www.GetBusinessLinesofCredit.com ) to its list of recommended investment resources for its members.
Urvi Mehta, one of the co-founders of the NREN, said that easy access to investment capital is essential for real estate investors. She said that one of the major stumbling blocks for both new investors and seasoned pros is available cash.
âA business line of credit puts the investor in a strong position for negotiating,â she said. âItâs also a lot easier and less expensive to do deals without having to turn to hard money lenders.â
Ralph Marcus Maupin Jr. (Mark) says that a business line of credit is almost a necessity for the real estate entrepreneur or property manager.
âHaving a line of credit is the best way to take advantage of quick turn real estate investment opportunities. When a good deal is there, you have to have the cash to take quick action,â Maupin says. âIt gives you a great competitive advantage.â
The National Real Estate Network has identified http://www.GetBusinessLinesofCredit.com as an important resource for its member investors.
Business Line Solves Credit Issues
According to Michael Ogorek, a Michigan entrepreneur and real estate investor, one of the best ways to fund business growth or to take advantage of investment opportunities is to establish a business line of credit that does not show up on a business ownerâs personal credit report. He says that this approach can eliminate the impact of âmaxing outâ personal credit.
âIf you have a business expense, donât let it drag your personal credit down,â Ogorek says. âEspecially when money is as tight as it is today. Itâs just too hard for most people to get an unsecured personal line of credit.â
He says an investor or other business owner may want to eliminate the personal credit challenge by setting up a business line of credit that will provide easy access to cash when it is needed.
A business owner can go to the Web site at http://www.GetBusinessLinesofCredit.com to apply for an unsecured line of credit to be used any way that the business decides. The line of credit is established based on the ownerâs credit score, but does not appear on the ownerâs credit report. A minimum score of 675 is required to qualify for the line of credit. The borrower must also have a credit report free of delinquencies or bankruptcy.
$100,000 Line of Unsecured Credit BusinessLinesofCredit.com can even help a new business get up to a $100,000 line of credit, even if it is a brand new LLC or other business entity. The business must be a true business entity such as a corporation or a Limited Liability Company (LLC).
A business can use the line of credit over and over again. Possible uses include: â¢ Short term cash flow â¢ Capital investment â¢ Business startup â¢ Growth â¢ Invest In Something With A High Yield â¢ Short-term equity replacement â¢ Debt consolidation to clean up personal credit used to fund a business enterprise â¢ Business Reserve
Contact the National Real Estate Network (NREN) at: 17199 Laurel Park Drive North Suite 242 Livonia, Michigan 48152
This Press Release has been submitted by PREasy.com