748, RE: Looking for funding with bad credit Posted by CAFS, Fri Apr-10-09 07:43 AM
I am working with a client now that needed $25,000 in credit to puchase inventory. They were able to get a credit card with that amount from thier bank by having a co-signer on the card. As a plus by doing it with their banking partner the card is tied to their business checking account as over draft protection up to $10,000. They bank with BB&T but I am sure others would do it.
They also had bad credit and that is why they needed a co-signer. The good news is that by using the card responibly they can rebuild that credit and hopefully in the future they will not need a co-signer.
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