Pat Gage-Dallas, Texas-Presents a System for Raising Capital for Business Funding

USA (SANEPR.com) June 30, 2008 -- Assuming a business is in good shape, pays its bills promptly, has a good cash flow, and is professionally managed, there are many funding options.
According to Pat Gage, one valuable option is to start creating a business credit profile for the business. Creating a business credit profile can be done easily and can offer any number of business loans, from Working Capital, to Lines of Credit, to Construction, to Term Loans, to even business credit cards.

If a business owner already has a good working relationship with their Business Loan Officer, this is probably the first place to look, once they have their business credit profile in place.

Pat Gage recommends business credit cards, for owners. All major business credit card companies have branched into commercial lending. Obtaining cash from this method is usually easier than other sources. However, this method of financing still needs an established business credit profile, because lending institutions don’t lend money to sole proprietors. Business credit cards can be useful in many ways and have reasonable interest rates as well.
Pat explains how business credit cards do not show up on a personal credit report. So any business debt that appears on a personal credit card can be transferred to a business credit card, freeing up one’s personal debt to income ratio. This will increase the personal credit score almost immediately. Many times the credit card companies will offer 0% interest for a limited time (sometimes up to one year), then have a reasonable interest rate afterwards (anywhere from 8-14%). That’s far better than a hard money lender or private lender.
Pat’s program also covers unsecured lines of credit. The objective is to stimulate micro-enterprises and provide unsecured loans of up to $50,000 to small businesses. One can apply for unsecured lines of credit through their bank or many other institutions that offer them. Typically, an unsecured line of credit has an interest rate of Prime plus one or two points, depending on some factors that are taken into account. But the bonus here is that the money is unsecured which means there is no collateral requirement. This is a great method for obtaining capital for a business whether it’s to expand, advertise, or market a new idea.

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 Gage’s site at http://www.10stepstomoney.com
Contact
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