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Chase business line of credit and NFCU business products

Frequent Contributor

Re: Chase business line of credit and NFCU business products


choices2017 wrote:

i was aware of only 3.

cc- 15k

bus loan-17.5k

bcloc-10k


 

Interesting, I was going to provide a link to the application, but I see it has changed

The new application has

vehicle/term loan

credit card

business checking line of credit

 

The old application listed

real estate loan

term/vehicle loan

credit card

letter of credit

line of credit

business checking line of credit

 

I don't mind supplying the PFS, but I'd like to get an idea on rates on a line of credit before applying and no one can even give me a range.

I have the CLOC because all I had to do was request it, but the CLOC rate is too high IMO.  If I am going to have to PG something, it should at least be at a rate commensurate with the quality of my PG.

 

Please be sure to let us know how the Chase LOC works out and if you don't mind sharing rates, it would be immensely helpful.

Message 11 of 20
New Contributor

Re: Chase business line of credit and NFCU business products

bus loan-17.5k @ 6.75%

bcloc-10k @15%

Message 12 of 20
Frequent Contributor

Re: Chase business line of credit and NFCU business products

^^^^^^^^^^^^^

Thank you

Message 13 of 20
New Contributor

Re: Chase business line of credit and NFCU business products

Update:

TD bank called and asked if i wanted an LOC.They are my main busines bankers- 5 yrs.

I applied for 57.5 K SBA loan.They pulled EXP.

They moved really fast.

Loan approved-waiting to close.

Message 14 of 20
New Contributor

Re: Chase business line of credit and NFCU business products

Update:

TD SBA loan closed last week.Within 6 weeks as promised by them.Being funded .Very easy process.

 

Message 15 of 20
New Contributor

Re: Chase business line of credit and NFCU business products

data point;

While TD business card reports to personal, the TD Line of credit does not.

Its open for more than a month,not reported yet.

For anybody that may want to know ...

Message 16 of 20
Established Contributor

Re: Chase business line of credit and NFCU business products

Congratulations on a Chase Marriott Busineess Card. with an excellent credit limit. I have the Chase cash Ink business credit card with cash rewards anf a limit of $17,000 I am interested in the business Loc ...Keep us posted!!

Message 17 of 20
Regular Contributor

Re: Chase business line of credit and NFCU business products

Congrats Smiley Happy

does anyone know if Chase Business products fall under the 5/24 rule?

Message 18 of 20
Valued Contributor

Re: Chase business line of credit and NFCU business products


jc2 wrote:

Congrats Smiley Happy

does anyone know if Chase Business products fall under the 5/24 rule?


They do.  Your Business Manager, not your CPC manager maybe able to overwrite you but don't apply until you talk to you BM.

CSR | Amex Platinum | EDP | QS (2)
Amex Blue Business Plus
Message 19 of 20
Regular Contributor

Re: Chase business line of credit and NFCU business products

Thank you

Message 20 of 20