Can a home equity line of credit be used to start up a business?

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Table of contents for faq

What is a HELOC (home equity line of credit) loan?
What do I look for in a home equity line of credit?
What are the tax consequences of having a home equity line of credit?
How does having having a home equity line of credit affect my credit score?
Can a home equity line of credit be used to consolidate and pay-off my other debts?
Are there times when a home equity line of credit shouldn’t be used?
What about using a home equity line of credit to buy stocks or other investments?
Does it make sense to use a home equity line of credit to pay off a first mortgage?
Can a home equity line of credit be used to start up a business?

Yes. According to the National Federation of Independent Business (NFIB), a home equity line of credit is a viable way finance a business start-up. Here are some excellent NFIB resources on the topic.

Previous in series

One Response to “Can a home equity line of credit be used to start up a business?”

1. sirena Says:
   August 8th, 2006 at 12:09 pm

   If I have a heloc loan.Do I still have to have sign the finance affidavit that goes with my deed for prince george maryland

Leave a Reply