[billyblake]

Is it possible to start a new entity and obtain unsecured lines of business credit using strictly the entity to sign for the loan. If so, please detail how and what are the best lending institutions to work with.

Thanks

[Fr_Chuck]

Normally no, Now if you are a millionare and the bank knows you personally, heck anyting is possible.

But normally the principle in the buisiness is going to have to sign a guarantee on the loan, and put up business or personal property.

The best ones to work with are ones you have used before that know you and may believe your business idea will work

[CaptainForest]

Anything is possible.

Also, it depends on how much equity is in the business's name.

Here is an example of someone I know. He owns his own business, it is a corporation though.

He had to go to 10 different banks before he found one who was willing to give him the loan he needed without him personally putting up his own personal collateral.

It just depends on where you go.

Shop around, you will find someone hopefully.

[Nationof4]

It depends, What are you using the funds for? If you are purchasing an asset lending institutions may use the asset as collateral. Many times you can take an 80%/20% using an asset partner or private placement group to fund the 20%. This will give you the leverage to gain 80%.

There are may other ways to skin this cat but details as to funds usage is required.