Hello all, Here is a list of the top SBA Lenders by state. These are the more aggressive banks in your state catering to small businesses. The reason I list these particular banks is not only do they have aggressive SBA loan departments, many of the smaller banks offer business credit cards and business lines of credit. You want to only target only the “portfolio lenders”. What do I mean by a portfolio lender? A portfolio lender is a bank or credit union that originates its own in-house business lines of credit and issues its own bank credit cards. They make their own guidelines and use their own underwriting department to make decisions. It is the bank’s own criteria and underwriters. They do not use a third party like TIB, WebBank, or Elan Services to fulfill or service your credit card or line of credit request. Many of these local banks and credit unions offer small business lending products that cater specifically to smaller companies like yours. If the bank only has one or two branches, or just a few locally, then this is the type of bank you want to build a relationship with. (Assuming they offer business products like business checking accounts, credit cards, and business lines of credit). The more unknown the bank or credit union is, the better chance they are an aggressive portfolio lender. Contact these banks and inquire on their services your business can use and make a contact there. Build that relationship by opening up a deposit account even if it is just $100.00. Most banks prefer to work with businesses they have a relationship with. Two tabs to this Excel spreadsheet. First tab is a list of the top SBA lenders state by state. The second tab shows what credit bureau each bank pulls from. Always apply to the bank that pulls credit from the bureau you have the highest credit score from and cleanest file. Tab 1: Top SBA Lenders by State Tab 2: What Bureaus Banks Pull Credit From

If you go to the bank and ask to get cash off your credit card, they will charge you a “cash advance” rate. Cash advances have rates as high as 30% - 40%. Typically, at least 10% more than the cards current APR. Here are a couple of options for you to obtain cash from your credit cards at the current APR of your card. Plastiq https://www.plastiq.com/ Plastiq gives you the flexibility to pay by credit card — even when your vendors don't accept them. Plastiq sends your payments to your vendor as a domestic or international wire, same-day ACH transfer, or overnight check — however you choose, all in one place. While having a Plastiq account is free, the service charges the payer the following fees: Credit card and debit card payments: 2.9 percent. Bank-to-bank ACH transfers or EFTs: $0.99. Wire transfers: $8.99 for U.S. domestic, $39 for international. Various card issuers and payment networks have imposed some restrictions on Plastiq. For example, you can use Plastiq to pay your mortgage with Mastercard or Discover, but not with Amex or Visa. Overall, Mastercard & Discover are the least restrictive followed by business Visa cards. Melio https://meliopayments.com/b/ Melio is a business-to-business (B2B) payment platform that simplifies how small businesses handle their accounts payable. It allows businesses to pay vendors and suppliers, even those who don't accept credit cards, using a variety of payment methods. Melio sends your payments to your vendor as a domestic or international wire, same-day ACH transfer, or overnight check, however you choose, all in one place. Melio allows businesses to pay almost any business expense, including rent, utilities, suppliers, contractors, and more. It provides flexibility in how you pay, offering options like ACH bank transfer, debit card, or credit card, even if the vendor doesn't typically accept credit card payments. This is useful for businesses who want to use credit cards to manage cash flow and earn rewards, even if a vendor only accepts checks.

Let's connect and grow together as a community! Take a moment to introduce yourself in the Introductions category by sharing the following: 1️⃣ Your Name & Location: - Tell us your name and where you're from, great way to network with fellow entrepreneurs! 2️⃣ Your Journey in Business Credit: - Share your experiences with business credit - Are you just starting? Rebuilding? Looking to maximize your business financing? 3️⃣ Wins & Challenges: - Let us know about your credit successes and challenges. Have you secured a business credit card? Improved your score? Faced any funding obstacles? 4️⃣ Biggest Challenge Right Now: —What's the biggest credit or financing challenge you're currently working to overcome? Low credit score? Difficulty getting approved? Seeking 0% interest cards? 5️⃣ Your Goals: - What are your short- and long-term goals for business credit and financing? - Are you aiming to: Secure your first business credit card? Improve your credit score? - Get funding for a new business? Maximize business credit lines? Once you've posted your intro, comment below to let us know and complete your action! 😄 Complete action