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Business owners and entrepreneurs are all asking the same question: “How in the world can I get one massive line of credit of at least $100,000?” Money that you can use however you want to grow your business. The answer is that if you want a single line of credit that is over $100,000 you will need to have very profitable business tax returns if you want to get it in the name of your business. Or if you want to get the credit line in your personal name, you’re going to need a lot of verifiable personal income.

How much income?

Good question. Basically for a business to get a business credit line of $100,000 your business is going to need to be doing at least 1 million in annual sales with a net income of somewhere in the neighborhood of $300,000 per year. On the personal side of things you’d need to have around $500,000 to $700,000 of verifiable income either from a pay stub if you’re employed or the last 2 years of tax returns for self employed individuals. In addition, you’ll probably need some assets such as home(s), 401k, life insurance etc in order for a bank to feel comfortable offering that level of credit.

As you can imagine, this just isn’t possible for most people. Just a small percentage of our clients are able to qualify for a single loan or credit line of that level. But that doesn’t mean that there are not solutions that can fund your business. We just need to think out of the box a little bit. The solution is instead of looking for a single approval of $100,000, we actually help you source 5 to 6 or more approvals for $15,000 to $20,000 per credit line. Adding those smaller credit lines up is how we can get you to funding of over $100,000 for your business, even when you don’t have large personal or business income at the moment.

Many businesses have gotten their start in this same way, from Google to Under Armour and countless more. By using small credit lines to jump start their business. If you’d like to follow their example and get the maximum amount of funding possible for your business please apply today!