Found another Biz LOC source

Discussion in 'Credit Talk' started by Hope, Jun 25, 2003.

  1. Hope

    Hope Well-Known Member

    I was stumbling around looking for commercial mortgage sources and what not and came across this instead. Thought it might possibly be useful to all those (like me) who are constantly looking for a biz LOC trade line.

    https://www.applyonlinenow.com/BCapp/Ctl/redirect?CV_sourceCode=ZNI7

    Union Planters Bank issued by MBNA. The terms are interesting:
    It's actually a credit card, but the terms are very much like an LOC because:

    1. Up to $100,000 (up to $50,000 without financials)
    2. 2.99% Intro rate for 5 months on purchases AND CASH ADVANCES
    3. Checkbook automatically furnished
    4. GoTo rate 11.99% INCLUDING CASH ADVANCES
    5. No annual fee
    6. Cash Advance fee is $15 to $99 max

    (P.S. I did not apply as I'm waiting to hear from AMEX Business CapitalLine and Well Fargo BusinessLine)
     
  2. Amy B

    Amy B Well-Known Member

    So I'm guessing they will fine tooth comb it like every mbna app. Is there any limit between mbna biz apps I wonder? We applied for an mbna biz card in April or maybe the first week of May. Wonder if it's been long enough.
     
  3. Amy B

    Amy B Well-Known Member

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