What determintes business line of credit limit?

Posted by admin
marc p asked:


I am purchasing a small business that has been in existence for 1 and a half years. I am using an SBA loan for the purchase.

Referring to the future, how do they determine what my business line of credit will be? My companies net profits are 160k. (After debt payment it is around 110k). Formulas are welcome!

This entry was posted on Sunday, October 12th, 2008 at 8:46 am and is filed under Small Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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2 Responses to “What determintes business line of credit limit?”

  1. Laila Says:
    October 14th, 2008 at 8:58 am

    Business plan.
    For they might even ask for business plan.
    The money for business plan.
    For they need to see tax returns bank statements and they might even ask for business plan.

  2. Jennifer Says:
    October 14th, 2008 at 8:36 pm

    Hi,
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