Your home may have equity, or accumulated value. You can compromise your home’s accumulated value as collateral to banks and credit organizations in return for a home equity loan or a home equity line of credit (HELOC). You can look this as like a credit card, except with a HELOC, your home is used as collateral. Ryan will explain how a home equity line of credit might be a way to fund a new business when other options are limited.. He will explain the rules and answer questions.
Ryan Melendez serves as the Assistant Vice President at Truist Bank. His career has included experience in Small Business lending at the branch and district level for IBC Bank. He has 15 years of experience in retail banking and small business lending, where he has successfully assisted his clients in achieving their financial goals, and business ownership.