Beware of construction loan in form of credit card

Unique offer likely comes with a catch

DEAR BENNY: I purchased land about one year ago with plans to build a duplex. I am finding it difficult to obtain a loan. I recently found a company that provides loans to other companies in the form of a credit card. This would entail me opening a limited liability company (LLC) and applying for a company loan. Should I open the LLC myself or pay an attorney? Also, do you see any drawbacks to opening a line of credit under a company name? –Adrienne

DEAR ADRIENNE: I always ask myself, "What’s the catch?" Yes, you can create a limited liability company, and then get the credit card offered by this company. But if you are currently unable to get a loan to build your duplex, why would this company be so willing to hand over a credit card to you?