What is the best way to get a business line of credit without going to a major bank?
Are you ready for this: Go to a smaller, regional bank. Find a bank that wants relationships with small businesses. They are out there and they are looking for solid small businesses to establish long-term relationships with. When you find a few banks find out who their commercial loan officers are and go talk with them. Be prepared to do your banking there, run your credit card sales through them, etc.
business credit card. small banks will only give you enough rope to hang yourself. If you do end up going to a bank, you'll find that bankers are dim witted, only understand car loans and home mortgages, can't read a balance sheet, and will show general interst in your business plan until you leave. You see, most bankers cannot read. They cannot make any decisions without first consulting the "board". But they do know where their check is coming from every week. Unlike you as soon as you start your business. Good luck.
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