(EMAILWIRE.COM, May 31, 2008 ) Detroit, Michigan -- Ralph Mark Maupin, College instructor in Detroit, Michigan, said “Pat Gage’s New Business Lines of Credit Course and Free CD is causing concern with lenders as some feel Pat Gage has stepped over line in giving too much information to business owners on how to get business lines of credit.”

How were business owners able to get that all important 1st loan to start their fledgling business. Now they’re up-and-running, business is humming, and things are looking rosier than a horticultural shop in May. It is time to sit back and smell those roses? Not quite. They’ve gone from working 10 hours a day to 12. They need money for expansion, marketing, people. They need to go back to the bank. But since they’ve already been successful once, they shouldn't have any problem getting a second loan, right? Should be a snap!

Well, maybe not quite that easy. Because their loan officer is going to look at you just as hard the second time around as he/she did the first. There are no free passes when it comes to getting credit, so you better are prepared to look good. Where you can get Free CD on how business lines of credit: http://www.10stepstomoney.com

Here's how you do it:

First and foremost, make sure their business credit is in good shape. That means that all business credit cards have been paid in a timely manner, as well as bills from suppliers, utilities and the like. To find out how they stand, check with Dun & Bradstreet on business lines of credit. They keep tabs on virtually all small businesses, and will have a record of their payment performance business credit and loans. If by some chance, there's a blot on their record, find out what it is. They can be certain their loan officer will want to know what's it's all about. It's up to them to make sure it can be explained, or better, removed before you apply for a loan. Don't have a Dun & Bradstreet credit profile? Get signed up as soon as possible. A Dun & Bradstreet credit profile is the best way to get their business credit on track and supercharge your business with vendors and lenders. This demonstrates to the banks that their business is a real business and not "in a van down by the river."

Ask for more than they actually need. It may sound scary, but remember they only use it as they need it. That's the beauty of unsecured lines of credit for their business. Yes, bigger loans mean bigger payments, but remember they only pay on what they use. This is about getting the right amount of unsecured lines of business credit so that they don't necessarily have to go back to the bank anytime soon. Applying for too small a loan can be just as dangerous as applying for too big a loan. Because then they have to keep going back. If they ask for the right amount then it will sustain their business for a little longer.

Clear up their personal credit if they have any problems. Their credit was probably pretty good when they were granted their first loan, but if for some reason it's taken a hit since then, they'd better clear it up - and fast! Even though their business may be booming, lenders know that personal credit problems could carry over to your business down the road. That means getting their report from all three of the major credit-reporting bureaus - Equifax, Experian or TransUnion. This way they'll find out exactly where they stand.

Anticipate, organize and be prepared when they make their loan application. Sounds simple enough, but have their financial consultant prepare an interim financial statement, incase the banker asks for it. However, remember that they are applying for unsecured lines of credit so they don't have to put up their business or personal assets for collateral. In short, anything that will make them look more professional and prepared in the eyes of their lending officer, but don't offer it if they don't ask for it. The fact that they've prepared this material means less work their lending officer. Nothing wrong with that scenario!

Pat Gage, The Opportunity Creator, and a leading expert in the field of business credit has helped a number of clients target his specialty, starting, expanding, and growing their businesses through his trademarked 10 Steps to Money System. The Opportunity Creator is not only a sought after business credit coach but also a national speaker. For more information on any topic discussed, visit Pat Gage's site at http://www.10stepstomoney.com

Areas Serviced by “Small Business Line of Credit Expert and Speaker”, Pat Gage: Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan(MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA) , Washington (WA), West Virginia (WV), Wisconsin (WI), Wyoming (WY) Major Metro Areas: Albuquerque, Atlanta, Austin, Baltimore, Boston, Charlotte, Chicago, Chico, Cincinnati, Cleveland, Columbus, Dallas, Fort Worth, Denver, Bolder, Detroit, Ft Lauderdale, Palm Beach, Hartford, Houston, Indianapolis, Jacksonville, Kansas City, Las Vegas, Little Rock, Long Island, Los Angeles, Memphis, Miami, Milwaukee, Minneapolis, St Paul, Monterey, Nashville, New Haven, New York, Oakland, East Bay, Oklahoma City, Orange County, Orlando, Philadelphia, Phoenix, Pittsburgh, Portland, Puerto Rico,Raleigh-Durham, Reno, Tahoe, Rochester, Sacramento, Salt Lake City, San Francisco, San Jose, Silicon Valley, Santa Fe, Seattle, Spokane, Springfield, St. Louis, Tampa, Toronto, Tucson, Washington DC

Business lines of Credit are often referred to as:

Business line of credit, small business line of credit, unsecured business line of credit, new business line of credit, new business unsecured line of credit, and how to get business line of credit.

CD on how business lines of credit: http://www.10stepstomoney.com

Destiny Now, LLC
33006 7 Mile Road Suite 423
Livonia, MI 48152

Phone: 734-261-0688

Toll Free: 877-262-0688

Fax: 734-422-6168

Email: info@opportunitycreator.com

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Pat Gage
Tel: Toll Free: 877-262-0
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