Hello everyone - I'm a new member and decided to join because it looks as though there are some knowledgeable members here. I was wondering if I could get some input from anyone experienced in corporate credit and funding.
I recently came across an aged company that has a 50k line of credit, Dun and Bradstreet financial rating and Paydex already. I checked with the sec of state and all filings are up to date. The corp has a physical address, local phone and listed in the 411 directories, and even a corporate website that comes with the purchase. I have pretty good personal credit (710 fico) and the individual that owns the corp has told me that the credit line (it's a private lender not a national bank) will transfer as long as the new owner has a 640 fico or higher.
Does anyone know if this is true or not? I'm considering buying this corporation but want to be sure before I pull the trigger as it's a sizable investment (7k). I hope I'm allowed to post the website in case you need to take a look - here it is.
That amount of money is very expensive up front. We market two plans:
1. $350K to $550K Lines ( avg. funding $490K ), $4800 up front & at funding 11% due SERVICER plus our Broker Fee
2. $150K to $225K Lines ( avg. funding $210K ), $2800 up front & same as above
GUARANTOR is a multi billion dollar Corp. and they remain on for a full year after funding. Corp. stands on its own after.
Takes about 12 to 14 weeks to complete process.
When buying a Shelf Corp be sure to never pay up front fees. If you must, use a system that has an escrow feature. I've heard of many people getting scammed when paying up front fees.
I recently came across a new website called Verifico that offers all sorts of funding services, both business and personal. They had PG and NO PG Shelf Corps listed. They claim that all services on their platform have been verified effective and safe, and they also use an escrow feature when dealing upfront frees. Here is the the link to the Shelf Corps I saw listed on there site Verifico Non PG Shelf Corp