Did you know that most business lines of credit for the newer Investor are still personally guaranteed?
There's a misconception that because business lines of credit (and business credit cards) don't report on your personal credit file, that you can default & not be responsible for repaying. Nothing can be further from the truth. Though keeping the business credit off of your personal credit file is one of the great benefits of getting it lined up, if you fail to pay them, the lender will be able to go after you because of the personal guarantee.
We recommend that our clients also establish non-personally guaranteed business lines of credit. Not to get around paying back their financial commitments, but to add that extra layer of protection between the business & their personal assets.
Stop in for a free consultation to learn more about non-personally guaranteed business lines of credit.
To view a more extensive offering, feel free to call us at 800-290-8372 x7922 or visit us online at www.investor-helpers.com.
Great Investing,
Darian - The Investor Helper
email: support@investor-helpers.com
"Helping Real Estate Investors is our Mission"
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