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Business Lines of Credit

by Christopher Sherrod on November 13, 2008

in Blog, Podcast

prosperitypower Business Lines of CreditHere is my first podcast in a while.  With this I’m starting a series of Small Business interviews.

My first interview is with Pat Gage about business lines of credit.

Here are some of the question I ask.

  • What is business credit and why do I need it?

  • Does this system work only for big companies?

  • Will this system work with any type of business?

  • What are the advantages of Business Lines of Credit?

  • Can’t I just use the equity in my home to fund my business?

  • I really do not need another Credit Card?  Do I?

  • What can I use the Business Lines of Credit for?

  • What are the interest rates that the banks charge for this type of credit?

  • What does unsecured Business Lines of Credit actually mean?

  • Why do banks and lending institutions do this type of loan?

  • Are there any Fees associated with these lines?  Up front or monthly?

  • What types of Business Credit are there?

  • How many Business Credit Bureaus are there?

  • What if I have Good Personal Credit, will these loans hurt my credit?

  • What if I have Bad Credit can I still apply this system?

  • Typically how long does it take to get started in receiving these offers?

  • What if I do not pay these loans back?

  • What have you raised in the last year of Business Credit?

Plus more.  Enjoy. You can also get this as a podcast in your favorite podcast application.

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Written by Christopher Sherrod


If you liked this article, please share it on del.icio.us, StumbleUpon or Digg. I'd appreciate it. :) Chris Sherrod author of Play Prosperity Games. This is copyrighted by Abundance Unlimited, LLC. You may not use them without written permission but you may link to the posts or give out a link to the posts. If you like the free articles on this blog, let Chris know by buying him his all-time favorite gift - an Amazon gift certificate. His email is chris (at sign) abundanceunlimited.com

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