iOkCash.com Get Cash!

Question by Samuel Q: Has anyone done business with Phoenix Financial Specialists for commercial loans?
If you have, please let me know.
Or have you heard of anyone doing business with them?

Best answer:

Answer by Franky
I haven’t up to now, and most probably never will.

Franky

Give your answer to this question below!

by Scott Beale

Looking For a Start Up Business Line of Credit

Article by Williams Acosta

The key to any successful startup is maintaining cash flow. Of course, if you are new, getting startup funding for your company can be difficult because….. you and/or your new business and have no track record. Bit of a catch 22 situation there.

However, something you may want to think about is unsecured loans are loans that do not require any cash down, home equity, personal assets, or business assets of any kind. Obviously, unsecured lending is a valuable option for startups which have property or assets they want to protect. Should you default on the loan and unsecured versus secured, your property and/or assets will be protected from any liens…. now while these are attractive, can you really find such an animal?

Without a doubt, an unsecured business line of credit is probably the most valuable financial tool that a small business owner can possess. Essentially, the credit line works like a huge credit card but at times can have added benefits like check writing and lower interest rates as compared to most business credit cards.

An unsecured line of credit loan is extended by banks or other types of lenders. The amount of the credit line offered is based solely on the credit worthiness of the company and does not require a personal guarantee. Even though unsecured business lines of credit have been in existence for many years, it still comes as a surprise to many small business owners that the program exists or that their company can even qualify.

One typical and smart question that you should ask yourself is why would banks make unsecured line of credit loans? The answer is simple. Banks and other lenders are already making unsecured lines of credit to you as an individual. Why shouldn’t they offer a commercial program? So in reality, it is not nearly as big a stretch as most people think.

If you think about it, almost every American carries at least one Visa, MasterCard or American Express credit card in their wallet or purse. I know in my wallet, with multiple businesses + personal, I carry 8 credit cards at a time. In this case, then one way to think is that the total of all the credit limits on all the cards is your total line of credit. Now, we don’t advocate going out and rapidly blowing that but change a way to change your perspective on things.

The credit cards and the limits on each are issued to you based on your credit worthiness as an individual and are totally unsecured. Therefore, it makes good business sense to offer an unsecured credit line program to corporations. In fact, corporations could be viewed as more stable than an individual and are more likely to use the lines more frequently.

When you are a startup, of course this gets a little tricky and requires some unique techniques above and beyond the scope of this article. But, if you have a startup and are looking for capital credit lines, you should really look down this path. Fortunately, just like your personal credit cards, you only pay on what you use and for new business, we suggest you play it very conservative. However, when you get your credit line, it gives your business access to capital when you need it.

About the Author

Learn about unsecured business financing. Check out our Business Financing Blog

gboogie.net business credit no money down. Im the sheets of the corporate world
Video Rating: 4 / 5

Find More Lines Of Credit Articles

A few nice Business Funds images I found:

Vince Cable, Business Secretary

Image by bisgovuk
The Prince’s Regeneration Trust’s Chairman, Ian Marcus (right) and Secretary of State for Business, Vince Cable signed an agreement that the Government’s Regional Growth Fund would provide £1.7 million to the Trust’s regeneration of the Middleport Pottery site in Burslem, Stoke-on-Trent.

The Trust’s regeneration project has already saved fifty local pottery jobs and bought new business into the area. The RGF is vital to the project reaching its objective of regenerating the entire site into a hub of traditional craftsmanship by renovating and letting out buildings to new businesses. This project will increase much-needed employment opportunities and drive regeneration in the local area.

business value

Image by shankargallery
Art for the Soul by RICHARD LAZZARA
www.shankar-gallery.com/contact.html
www.shankar-gallery.com
www.myspace.com/richardlazzara
blog.myspace.com/richardlazzara
flickr.com/photos/shankargallery/
richardlazzara.slide.com/
artscad.com/@/RichardLazzara
artscad.com/@/ShankarGallery
www.absolutearts.com/portfolios/s/shankargallery/
paik.absolutearts.com/cgi-bin/portfolio/art/blogs/view_ar…
art.la-passerelle.net/art_pages/richard_lazzara/links.htm
www.artmajeur.com/shankargallery/
www.picturetrail.com/homepage/shankargallery
www.supersociety.com/shankargallery
www.xanga.com/shankargallery
shankargallery.blogspot.com
www.visionarygallery.com/artists/shankargallery/index.php
www.tabblo.com/studio/stories/view_super/214649/i5766437/
www.photoshelter.com/usr-show/U00007TMPweOLksc
beta.zooomr.com/photos/shankargallery
www.richardlazzara.shutterchance.com/
www.fotolog.com/shankargallery
shankargallery.livejournal.com/
richardlazzara.spaces.live.com/
shankargallery.wordpress.com/
shankargallery.gather.com/
www.artanddesignonline.com/Member_template/member_temp_po…
www.myartplot.com/users/richardlazzara/plot.mhtml
ma.gnolia.com/people/shankargallery/bookmarks
clipmarks.com/clipper/shankargallery/
del.icio.us/shankargallery
digg.com/users/richardlazzara/news/dugg
www.platial.com/shankargallery
www.mybloglog.com/buzz/members/shankargallery/
en.wikipedia.org/wiki/User:Shankargallery
cast2crew.com/userinfo.php?uid=407
www.last.fm/user/shankargallery/
www.projectplaylist.com/user/669142
www.thedjlist.com/djs/SHANKARGALLERY
www.youtube.com/profile?user=richardlazzara
api.flickr.com/services/feeds/photos_public.gne?id=424379…
flickr.com/photos/shankargallery/favorites/
flickr.com/people/shankargallery/contacts/
flickr.com/people/shankargallery/

business building

Image by shankargallery
www.flickr.com/photos/shankargallery/sets/72157600009621265/

RICHARD LAZZARA CALLIGRAPHY
CALLIGRAPHY By Richard Lazzara, ARTIST, Boulder,CO.USA.