Corporation Line Of Credit
I asked a while back if anyone out here have used the services of Jeremy Zigman. My understanding of his services is he will establish credit in the corporation's name. He will establish about $45,000 in various accounts like Lowes, Home Depot , Office Depot etc... Each account could have about $3-5,000. His complete services cost $2200. Less if you already have a corporation . However, I do not want to put out $2200, without knowing more about him and his company. Has anyone out used his services? Thank you in advanc.
So you pay 2200 and he gives you a credit line of 3000. From my quick math skills, your getting $800 more and are borrowing against your own 2200 at an interest rate that you don't collect?
I thought one had to qualify for credit, not pay for it. I know it's a business credit but did you try finding out what a banks option to a credit line would be?
No, the line of credit is about $45,000. Not $3,000- each account could be $3-5,000. He will set up about 15 accounts.
If you don't mind me asking, why do you need this line of credit. If you find the deals, you'll have no problem funding them.
I know I'm getting off the topic, but I was just trying to go a different route.
After you get some funds in the corporate account, you should no problems opening a line a credit.
Just my 3 cents