Posted by Ben (NJ) on November 06, 2000 at 10:42:30:
that many banks do not understand the tax lien instrument and you will have to educate them in the process. I backdoored my own bank into a credit line because I have had a private banking relationship with them for many years. They knew nothing about the industry. First Union is another bank that is very involved in this field but is mainly interested in financing the bigger players.If you have a private banking relationship with your own bank that may be better off than starting cold with someone else. You may also consider using your own funds for a year or two until you can build up a track record to show the bank you know what you’re doing. Hope this helps.