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CREDIT LINE for entrepreneurs in Canada builds businesses with a Canadian home equity secured credit card VISA
Despite all the talk of supporting small business in Canada, most banks and credit unions dont want to talk money with you
until you have lots to deposit. Of course, thats long after you really needed their help. So an innovative Canadian company has created a home equity secured credit card. This VISA from Home Trust enables you to borrow up to $50,000 against the collateral of your home, but use the funds through a credit card instead of cash.
It acts like a line-of-credit, but since its available to you as a secured credit card, you can use it to build that successful business. The VISA enables you to easily buy the office supplies, computer, furniture and other items without going cap-in-hand to the bank or credit union. In fact, hopefully youre only visits to the bank should be to make nice big deposits of cash.
This unique secured credit card can also help new immigrants to Canada, who have been able to purchase a house using funds from their homeland, but now need operating capital for a business. Again their home equity is used to secure the VISA credit
Home Trust has made the application as painless as possible, and currently offer this unique Canadian service in two provinces Alberta and Ontario. If this great way to finance your business appeals to you, please check out more details.
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