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Chase BLOC
Hi Team - Does anyone know the max BLOC once can apply for with Chase Business Banking Relationship Manager without Docs? Thank you!
1 like โ€ข Oct '24
@Tobi Rosario Dang it. They will require even for $20k BLOC?
May '24 โ€ขย 
Business Credit
๐Ÿฆ Banks with No-Doc BLOCs (All Tested Approvals)
I've been on a financing spree lately, applying for no-doc Business Lines of Credit (BLOCs) for some owner media deals I've been preparing for. I've been networking with various regional and local banks, and here are my approvals so far: 1. Truist Bank: Offered up to $50K, and I got it approved. Note that Truist's no-doc offerings vary by state, so check with your local banker before diving in. 2. City National: These guys have a higher limitโ€”up to $250K. I pushed the limit and got approved for a whopping $244K! 3. Umpqua Bank: Offers up to $100K, and yes, I snagged the full $100K. The process was smooth and definitely worth checking out. 4. PNC: Known for up to $100K, I walked away with $70K. Not bad, considering the straightforward process. 5. BMO: Offers up to $50K; I was approved for $35K. A bit more conservative, but their regional limitations play a part. 6. Key Bank: Also caps at $50K, and I achieved the maximum approval. Key Bank has been consistent and reliable. Insights from My Visits: East coast banks seem more generous with their BLOC offerings. Also, it's crucial to be in the "footprint" area of these banks for BLOCs, though this isnโ€™t as strict for nationwide credit. I run a Wyoming LLC among others and have encountered some issues with no-doc loans due to not registering as a foreign entity in Californiaโ€”refusing to shell out $800 in default taxes there since Iโ€™m not active in CA anymore. My Advice: Always confirm with your banker about current no-doc loan programs as banks tend to change their offerings. Being informed and prepared can make a significant difference in your applications. Anyone else applying for BLOCs or have experiences with these or other banks on the east coast?
3 likes โ€ข Oct '24
Did you try chase also?
Liquidating 0% Business Credit Cards for investment into 5% high interest saving account
Hi Gang - Has anyone used a liquidation services company to liquidate business credit cards for 1-2%? I heard there are private merchants out there with POS that have a low fee for processing and will do it. Can you please share companies and your experience? I do not want to pay 3% via Plastiq, etc. But would be willing to do it for 1-2%.
Important! Removing Experian Inquiries via Calling Fraud Department Discussion.
Hi Team - Has anyone had a bad experience (i.e. getting their business credit cards Canceled) after calling Experian's fraud department to remove their inquiries what were pulled for a business card? Asking because I have secured over $100k+ in business CCs that pulled Experian on the personal side. I am going to start using these cards, but do not want to risk loosing them. How many days have you waited to call to remove inquiries?
1 like โ€ข Jun '24
@Paul Graves Thanks! Do you wait any number of days or do it right away?
1 like โ€ข Jun '24
@Tobi Rosario - What's your take on this? Removing inquiries under personal for business cards should be fine right?
Capital One (Spark 1.5% Cash Select) 0% APR for 12 months
Hi Best Credit Gang in the game - Has anyone applied for the Capital One business Cash Select card with 0% APR. Where do they pull from? Any strategies on freezing 2 bureau and applying? Any data points would be appreciated.
1 like โ€ข Jun '24
@Paul Graves thanks bro ill stay away
1 like โ€ข Jun '24
@Tobi Rosario Great datapoint. Will do!! You the real MVP
1-8 of 8
Shahin Shafiei
3
28points to level up
@shahin-shafiei-2666
real estate investor

Active 69d ago
Joined Jun 16, 2024