So, you’re finally doing it. You took the plunge and you started your own small business. But there is so much you need! Whether it is renovations for your location or payroll or the ramp-up costs for getting manufacturing started, all of those things need money. You need to get a credit line for your business.

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A small business owner with good personal credit scores can qualify for the Credit Suite Credit Line Hybrid. This is better than a standard business loan in that these credit cards are another vehicle for building business credit.

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Only you can pick which features you want and need. So make sure to do your homework. What is excellent for you could be disastrous for other people.

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Private investors and alternative lenders also offer credit lines. These are a lot easier to qualify for than conventional SBA loans. They also need much less documentation for approval. These alternative SBA credit lines generally demand good personal credit for approval.

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The Credit Suite Credit Line Hybrid is a great way for a business to get fast financing and leverage an owner’s good personal credit scores. You can get up to $150,000 in unsecured credit cards.

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While the laundry business is not officially considered high risk by the NAICS, vending machine operators are seen as a cash intensive business, which can make it harder to get money from a traditional lender.

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Businesses that are purely online have the same kinds of financing needs as brick and mortar establishments do. Funding choices include term lending, business credit cards, and MCAs.

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