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Business Owners and Investors Get Business Lines Of Credit for Real Estate Investment Opportunities and Business Growth

(EMAILWIRE.COM, August 07, 2007 ) Detroit, Michigan – Entrepreneurs, Real Estate Investors, and small business owners need cash now more than ever. However, business owners face a major challenge finding a dependable, easy-to-use source of funds that does not create a drain on personal assets and credit scores.At one time or another, almost every entrepreneur reaches into his or her own pocket to fund business growth or to meet an immediate business crisis. Let’s face it, when the rent is due or it’s time to meet payroll, the entrepreneur often uses his own personal savings, line of credit or credit card for immediate cash flow – especially during the start-up phase of a new business. Real estate investors are notorious for using a home equity line of credit (HELOC) to buy and rehab a bargain property. But that scenario can be devastating to the personal credit and financial health of the business owner.Business Line Solves Credit IssuesAccording 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 owner’s personal credit report. He says that this approach can eliminate the impact of “maxing out” personal credit. “If you have a business expense, don’t let it drag your personal credit down,” Ogorek says. “Especially when money is as tight as it is today. It’s just too hard for most people to get an unsecured personal line of credit.”He says a 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. BusinessLinesOfCredit.com is one company dedicated to providing unsecured business lines of credit to entrepreneurs, business owners, and investors. 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 owner’s credit score, but uses the business tax id. Therefore, the line of credit does not appear on the owner’s 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. In addition, the business owner must have a corporation or a Limited Liability Company (LLC). The BusinessLinesofCredit.com can even help new businesses get up to a $100,000 line of credit, even if they have a brand new LLC or other business entity.A business can use the line of credit over and over again. Possible uses include:• Short term cash flow• Capital investment• Business startup• Growth • Invest In Something With A High Yield• Short-term equity replacement• Debt consolidation to clean up personal credit used to fund a business enterprise• Business ReserveWell known real estate investor Ralph Marcus Maupin Jr. (Mark) says that a business line of credit is the perfect vehicle for Real Estate Investors. One of the founders of the National Real Estate Network (NREN), Maupin says that a line of credit is almost a necessity for the real estate entrepreneur or property manager. “Having 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,” Maupin says. “It gives you a great competitive advantage.”The National Real Estate Network, of Livonia, Michigan has identified http://www.GetBusinessLinesofCredit.com as an important resource for its member investors. Janak Mehta, Business Development Director of National Real Estate Network said "Michael has a great program. He is not coming to sell a product. Instead, he is coming here to help Investors, entrepreneurs, home buyers, and business owners to get business lines of credit.”The National Real Estate Network address is: 17199 Laurel Park Drive North, Suite 424, Livonia, Michigan 48256.### This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.


National Real Estate Netroit, LLC
National Real Estate Network

mmaupin@donaterealestate.com

Source: EmailWire.com


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