Hello,

Here is the situation that our company is in. There are two majority
shareholders in our corporation, one who has no credit history and the
other who has a FICA score of 485.

We recently have attempted to start build/repair our credit by paying
past due settlements, keeping up with bills and applying for secured
credit cards for both of our majority shareholders. We also tried to
take out a LOC for $5,000 at Bank of America and were denied because
of past credit, even though we were willing to have someone outside
the company co-sign who has reasonably good credit.

We want to know is there any bank, credit union or anyone in this
field who would be willing to give us a loan or a line of credit and
if so what is needed.

It would be greatly appreciated if we could get a list of
companies/banks that deal have a history of dealing with small
businesses.

Here are some important facts about our company?s situation:

*Our company brings in around $25,000-$35,000 in revenue a month. We
expect those numbers to grow exponentially.

*We have a CD with Bank of America for $1,000, which we wanted to use
to secure a loan or a line of credit.


*We are willing to secure a loan with the loan amount (i.e. if we
wanted a $5,000 loan, we would be willing to freeze $5,000 of our
funds until the loan was paid off)

*The Companies FICA score is 709, but what we were told by bank of
America was that although our company?s credit rating was good enough,
the company didn't have enough credit history.

*Our Business Sector is Retail/Manufacturing


Please let me know if you need any additional information to help with
your research.



Best Regards,

John Anderson