[antif]

If you have suppliers or vendors, you can request credit lines from them. Business credit cards are an option too, or you can apply your own captial.

Commercial lending typically factors in the current business revenues (or receivables). You should have a few lenders able to offer the business a line of credit, capped at about 100-200% of your average monthly deposits.

You could demonstrate that for an underwriter by providing either your most recent three months bank statements or a tax return. Personal credit of the owners will be reviewed, unless the business has comparable borrowing history.

[mirimir]

> If you have suppliers or vendors, you can request credit lines from them.

Right. One of the major hardware firms sold me ~$30K of gear. As I recall, it was five years at 0% interest.

[akrai]

Wow, that sounds like a great deal! Was there any time when you felt the need for credit and it was not available from suppliers/vendors?

[mirimir]

I'd be lying if I said "no". My clients were all plaintiffs' firms, and sometimes paying me wasn't a top priority. But after a while, I learned the best times to invoice. Such as, not within a month before the end of a quarter.

Edit: That being when partners got their distributions.

[akrai]

Do you think you would benefit from having a low fee/interest line of credit available where you could get funds if necessary when clients don’t pay/pay late?

[mirimir]

Mainly, it just cut interest expense, by reducing credit card usage. But interest is deductible, so it wasn't a huge thing.