Are large business lines of credit actually getting approved?

Are there truths to all the advertisements out there. If anyone has had experience in acquiring LOC's please share your thoughts/timeline, etc.
In General Area - Asked by Scott F. - Jul 22, 2010
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Answer(s)

Komala V.
Owner/Investor
Stockton, CA

I have tried for two years. Did not work for me. So, I closed my business. This is my experience. I have to have good credit, established business for more than two years & have down payment or equity of 30% or more of the purchase price, I will get the loan. That's all.

Aug 8, 2010
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Crista L.
Lender/Mortgage Broker
Roseville, MN

I work with investors and business owners to secure lines of credit w/ general business assets or equity in commercial real estate. I'd be more than happy to share the general requirements to qualify for working capital lines. Feel free to contact me.

Aug 9, 2010
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