If a client has high utilization there are a few options to mention to them to lowering their utilizations:
- Pay down utilizations with their own money if they can (If they cannot do this suggest submitting them for the following options)
- Personal Consolidation Loan
- Bridge Loan (This has a specific cap and is costly - be sure the client understands this)
- Utilize a spouse or co-signer who does not have high utilizations - It is generally pretty easy to have them add someone to their LLC if they go this route (Usually requires amending the operating agreement - be sure to check specific state guidelines)
