Cornerstone Facilitates Business Lines of Credit and loans for corporations, LLC's, and other corporate entities from $10,000 to $1,000,000.

Lines of credit are usually arranged through local lenders and national commercial banks, though several government insured programs exist to help businesses with cash flow needs and working capital as well.

Documentation for Business Lines of Credit are standardized and should be readily available if the corporation has kept up with its annual filings.

For accurate line of credit quotes we need to review the following documents:

• Business and Personal Tax Returns for all owners 10% or more (for past three years - all pages)
• Business Statements
  • Profit and Loss - YTD, full previous year
  • Balance Sheet - Current Year
• Personal Financial Statement for all owners 10% or more
  • Must show full schedule of assets, liabilities, real estate owned, and investments (if any)
• Summary of Business type and explanation of operations
• Color Pictures of Inside and outside of Business property

Generally, the business line of credit timeline can be as much as 6 weeks, and breaks down as follows:

Week 1 - Cornerstone Collect and review documentation

Week 2 - Prepare credit request and submit to lenders

Week 3 - Lender Review and delivery of quote/letter of interest.

Week 4 - Lender comments and further document collection

Week 5 - Full Lender Approval

Week 6 - Credit Documents Drawn and Closing Scheduled