Best Practices For Getting Approved for Business Credit
- Focus on local banks. They make their own lending decisions (portfolio lenders).
- Easier to get funding compared to big banks like Chase and BOA.
- Avoid generic online applications Establish relationships with local bankers.
- Open an account first, then apply for a business line of credit.
- Utilize Business Credit Cards Many offer 0% APR for 12+ months (e.g., PNC Bank, Truist).
- Balance transfer trick: Use 0% APR business credit cards to move personal debt and improve your personal credit score.
- Expand Funding Opportunities with Foreign Entity Filings Register your business as a foreign entity in multiple states to access more banks.
2
0 comments
Best Practices For Getting Approved for Business Credit
powered by
skool.com/wealth-through-funding-3956
Your shortcut to $1,000 per day: Credit Repair - Funding - YouTube Automation & Digital Product creation!
Suggested communities
Powered by