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What are the requirements for a business line of credit?

April 26, 2017Business line of credit requirements

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What are the requirements for a business line of credit?

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You must have two or more years in business mandatory. A majority of the business line of credit is solely based on your personal credit. Now the loan will not show up under your personal credit report. It will go against your business Tax ID # with D & B. Since there’s no collateral and no documentation required for an unsecured line of credit, as long as you have the 2 years in business and great personal credit, you meet the requirements.