2d • 💎Whitney Gems
Do This Before January
Increase your business credit limits
Goal: raise available credit so utilization falls and your credit profile looks stronger.
Higher limits → lower utilization % → stronger business credit scores and easier approvals.
Action steps
- List current accounts & limits. Make a table: lender/vendor, current limit, current balance, statement date, last on-time payment.
- Prioritize who to ask. Start with accounts you’ve had for 6+ months with on-time payments.
- Prepare supporting evidence. Gather recent business bank statements, profit/loss, and evidence of on-time payments.
- Request the increase. Use this script (email or phone):
Hi [Account Rep Name],
This is [Your Name] from [Business Name, EIN]. We’ve had a strong payment history and growing revenue. I’d like to request a credit limit increase from $[current] to $[requested]. I can provide recent bank statements and our latest P&L if needed. Could you please advise the process and timelines?
Thanks,
[Name] / [Phone] / [Email]
- Follow up and document. If they ask for docs, send them and confirm receipt. Save any approval emails/screenshots.
- If denied, ask why. Ask what criteria you need to meet to qualify and set a reapply date (e.g., 90 days).
Start now. Expect 1–4 weeks per request depending on the lender. Don’t request too many increases at once, stagger them to avoid extra reviews.
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Do This Before January
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