Alternatives to Business Credit Facilities
	If you are finding it difficult to obtain a business loc or other type of revolving credit facility then you may want to solicit potential angel investors, friends, family, or other private investors for capital. As has been the common theme throughout this website, the current economic climate has made it more difficult to obtain business loc as banks have pulled back on their lending activities. If you find yourself in this situation, then you may want to turn to private investors (often called “angel investors”). Angel investors and private investors can provide your business with a capital infusion. Unlike business lines of credit, these investors typically provide the capital in one lump sum in exchange for a percentage of your business. This is the drawback from raising capital from a private investor. You will have to provide some level of oversight, a percentage of your business and future profits, and a certain amount of control to your company to a third party. This third party may have drastically different ideas about the direction of the business. As such, if you decided to raise capital through private investment rather than a business LOC then you should hire an excellent attorney to negotiate the best possible deal in exchange for the requisite capital required. One of the positive aspects to raising capital in this manner rather than obtaining a business LOC is that you will not be held personally liable for the capital should the business not succeed. This is, of course, assuming that the private investor is providing you with an equity investment rather than a private loan. Additionally, this investment will not appear on your credit report. In the future, should the business grow, you can then apply for business credit lines when it is more appropriate.
	Below are a number of articles that you can read that will assist you in obtaining a business LOC:
	Business LOC vs. Business Loan Securing a Business LOC Do You Need a Business Plan to get a Credit Line? How has the Economy Affected People's Ability to get Credit? Unique Business LOC Types Property Rehab Loans and Lines of Credit What is a Warehouse Line of Credit? Businesses Best Suited for a Business LOC Alternatives to Business Credit Facilites Using Personal Credit Cards Instead of Business LOC The Mechanics of a Business Loan The Mechanics of a Business Line of Credit Importance of Establishing a Business Line of Credit Using a Business LOC for Startup Capital Questions That Will Be Asked By Your Banker The Importance of Personal Credit When Obtaining a Business LOC What is an SBA Backed Business Line of Credit? Determining How Much You Can Borrow Through A Business LOC How a Business Line of Credit Should Be Used Comparing Offers from Banks for Business Lines of Credit Business LOC and the Concept of Leverage Secured Vs. Unsecured Business Line of Credit Using a Business Loan/Credit Line Brokerage Repayment of a Business LOC Commonly Used Terms in Lending Using a Small Bank to Obtain a Business Line of Credit New Business Line of Credit Business Revolving Line of Credit Overdraft Line of Credit Small Business Lines of Credit Accounts Receivable Backed Lines of Credit