Can I get a Business Line of Credit if my business is not profitable?
Line of Credit Depot
Compare Line of Credit Programs. Access to revolving lines of credit from local & national banks.
Yes, Line of Credit Depot works with many of the Nation’s best Small Business banks and some of our bank resources issue Credit Facilities for businesses that are not profitable. This is analyzed by the last filed business tax return. If there are losses under $100,000 as shown on the last filed tax return, the business can be approved for a revolving line of credit. If the losses exceed $100,000, the business will not be eligible.?
Even though most banks prefer to issue credit facilities only to businesses that are showing to be profitable, there are a handful of banks that offer access to lines of credit (not credit cards) even if the business is unprofitable...
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