Talking to a few people about purchasing a stagnant aged corporation that has been in biz for several years to obtain instant credit and a line of credit. Heard #'s of $50K to $1MM are possible in a short time period by flipping funds between banks. Just called Bank of America and they will only do $10K to start with unless you are 2 years old and then up to 10% of annual sales. Point is that ifyou buy aged corp with no revenues then $10K is the limit. Any input? Here is one guy's opinion on them: This is a myth! If you purchase an "aged" corp you will still be personally guranteeing the line of credit and your networth/creditworthiness will be used to determine credit. Only puiblically traded co's (such as IBM etc) are able to have loans in the co. name without a personal gurantor.