I am planning to set up my company very soon (perishable goods) and everything is arranged. Now I am considering getting a small amount by way of line of credit in the region of 10 thou as I have a healthy reluctance to invest my own money. How can i achieve this most easily? Any tips are welcome and appreciated. Cheers everyone.
If you are planning to get a credit as small as this and you are going to be the sole proprietor of the company then you will in any case have to personally guarantee for the credit, with a collateral of let's say your house. So if you have the money ready, I would think it is much easier simply to use this. Good luck with the company.
