BUSINESS LOAN WITH A DISCHARGE BK CH.7

hawaii12 · ‎04-23-2012

HELLO EVERYONE,

I AM STARTING A TRUCKING BUSINESS IN ATLANTA GEORGIA AND I WOULD LIKE TO KNOW WHAT BANKS WILL GIVE ME BUSINESS CREDIT OR BUSINESS LOAN? I HAVE BUSINESS PLAN ALREADY DONE. MY BK WAS DISCHARGE 6/2012 SINCE I HAVE 4 CREDIT CARD WITH NO BALANCES. ANY GOOD INFORMATION IS VERY HELPFUL THANKS

Starting Score: EQ 507 TU 559 EX 524 06/28/12 Discharge Ch.7
Current Score: EQ551 TU 662 EX 629 12/10/12
Goal Score: 780 across the board

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jonmartin · ‎06-05-2009

Not even worth the effort just too soon. Even if you got a loan it would be with terrible terms like CashCall for business or similar. I think I saw a offer once from them basically if you borrowed the maximum ($20,000) you would pay back $118,000 and the end of the terms... I'm sure I don't even have to explain how ridiculous that sounds.

NFCU Flagship Rewards Visa Signature $5,000
NFCU NavCheck LOC $10,000
Chase INK Cash $5,000
Chase Freedom $1,500
Capital One Sparks $750 (Closed)
Capital One Platinum $500 (Closed)
Capital One Platinum $500 ( Closed )

Starting Score: 590 MyFico EQ
Current Score: 627 My Fico EQ
Goal Score: 720

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Chase Ink Cash - $2,500
Capital One Spark - $???
Capital One Platinum - $500

hawaii12 · ‎04-23-2012

Wow that stupid..... ok how long will i have to wait? I am also thing about doing a SBA loan as well

Starting Score: EQ 507 TU 559 EX 524 06/28/12 Discharge Ch.7
Current Score: EQ551 TU 662 EX 629 12/10/12
Goal Score: 780 across the board

Take the FICO Fitness Challenge

trumpet-205 · ‎11-11-2010

You need to wait for at least 2 years. Your BK is pretty fresh.

hawaii12 · ‎04-23-2012

Thanks well we are building the company now so we can be ready in 1 or so

Starting Score: EQ 507 TU 559 EX 524 06/28/12 Discharge Ch.7
Current Score: EQ551 TU 662 EX 629 12/10/12
Goal Score: 780 across the board

Take the FICO Fitness Challenge

Project17 · ‎11-21-2012

2 years may not even be close either.. You will need scores usually in the 700's but the BK will still be a issue plus trucking is a very high risk industry. the loan will be based pretty much just off your personal credit although if you can build some serious business credit over the next couple of years it will help.

Business Credit

BUSINESS LOAN WITH A DISCHARGE BK CH.7

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Re: BUSINESS LOAN WITH A DISCHARGE BK CH.7

Re: BUSINESS LOAN WITH A DISCHARGE BK CH.7

Re: BUSINESS LOAN WITH A DISCHARGE BK CH.7

Re: BUSINESS LOAN WITH A DISCHARGE BK CH.7