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#807092 - 08/31/07 03:43 PM campaign line of credit
MarieR Offline
Platinum Poster
Joined: Nov 2005
Posts: 614
If we are doing a small line of credit for campaign expenses, would you consider it to be a business loan? Any thoughts would be appreciated.
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Lending Compliance
#808159 - 09/04/07 01:57 PM Re: campaign line of credit MarieR
LoisLane Offline
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LoisLane
Joined: Oct 2001
Posts: 1,570
Wisteria Lane..
Yes, I'd consider this to be a commercial purpose since it isn't a loan to a natural person for personal, family or household purposes.
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