topic Re: LOWE'S Business Account Approved! in Business Credit

LOWE'S Business Account Approved!UPDATE

pizza1 — Sat, 09 Mar 2019 04:30:40 GMT

Instant approval online! Asked for $10k, they instant countered approved for $1k. I will call into credit when I get the card, and see about a cli. Also, this account is both a revloving/PIF, you have the option for both. In the application it asked which terms I wanted for the "net" 30 or 60, I choose 60. So, I can either revolve a balance or PIF net 60 terms.

Pulled TU personal (720) got the alert, and Im sure pulled EXP Business (score 92), and D&B (have no idea my PD score) reports too.

They do report to EXP Business and D&B

edit to add...my side biz is 1 yro, and have a few TL's reporting on EXP business for 1 yr now as well.

Re: LOWE'S Business Account Approved!

Revelate — Fri, 01 Mar 2019 21:31:54 GMT

Grats you!

Have to admit I'm not looking forward to buying crap I don't need from places just to establish any sort of business credit heh.

Re: LOWE'S Business Account Approved!

pizza1 — Fri, 01 Mar 2019 21:36:45 GMT

@Revelate wrote:
Grats you!

Have to admit I'm not looking forward to buying crap I don't need from places just to establish any sort of business credit heh.

LOL..Thanks

Yea..I felt the same way too, but just decided that was what you had to do to get going.

I will tell you that USB was actually the easiest biz account to open. I walked in with my paperwork, sat down with a business rep, and opened a checking account, and a CC. Initially denied, but the branch manager called on my behalf, and approved for SL of $1k.

I still cant muster up enough energy to re-fill out all 10 pages of business app for Navy again. Ugh...

Re: LOWE'S Business Account Approved!

Anonymous — Fri, 01 Mar 2019 23:09:50 GMT

I still cant muster up enough energy to re-fill out all 10 pages of business app for Navy again. Ugh...

Its only four pages. Now get to it

Re: LOWE'S Business Account Approved!

Revelate — Fri, 01 Mar 2019 23:18:40 GMT

@pizza1 wrote:
@Revelate wrote:
Grats you!

Have to admit I'm not looking forward to buying crap I don't need from places just to establish any sort of business credit heh.
LOL..Thanks

Yea..I felt the same way too, but just decided that was what you had to do to get going.
I will tell you that USB was actually the easiest biz account to open. I walked in with my paperwork, sat down with a business rep, and opened a checking account, and a CC. Initially denied, but the branch manager called on my behalf, and approved for SL of $1k.

I still cant muster up enough energy to re-fill out all 10 pages of business app for Navy again. Ugh...

Hah!

In my case it's going to be playing that game with Chase and my own checking account... I'm hoping it's not that dissimilar to what I went through with the SP years ago as that was fairly easy I just need to provide more paperwork this time with an actual company.

Of course last time they said I was preapproved for whatever business card I wanted: hoping lightning strikes twice .

Re: LOWE'S Business Account Approved!

Remedios — Sat, 02 Mar 2019 00:11:52 GMT

Congrats on your approval!

Re: LOWE'S Business Account Approved!

UncleB — Sat, 02 Mar 2019 00:16:21 GMT

Very nice, @pizza1!

Re: LOWE'S Business Account Approved!

atst2000 — Sat, 02 Mar 2019 00:16:38 GMT

I too have been establishing biz credit and was able to get a biz checking from Navy. I went ahead and filed the paperwork to get the Biz Visa card with them and tried for the Biz CLOC. Took about almost a week and got approved for a Visa with $5K SL but got turned down for the CLOC. FYI They do pull Experian Personal and I was at a 708 Fico8. I was already established with Navy with 15k CLOC and Amex, Signature card with them both with 20K lines. So far I have gotten JCPenny Net30 ($3k SL), Amazon Net55 ($5k SL) and Sams Store Biz Card ($10K). The guy said it was a Sams Mastercard but turned out it wasnt, just a store card Oh well still glad and NO PG on all accounts except Navy of course.

Re: LOWE'S Business Account Approved!

K-in-Boston — Sat, 02 Mar 2019 00:23:20 GMT

Congrats on the approval!

Re: LOWE'S Business Account Approved!

pizza1 — Sat, 02 Mar 2019 00:23:51 GMT

@atst2000 wrote:
I too have been establishing biz credit and was able to get a biz checking from Navy. I went ahead and filed the paperwork to get the Biz Visa card with them and tried for the Biz CLOC. Took about almost a week and got approved for a Visa with $5K SL but got turned down for the CLOC. FYI They do pull Experian Personal and I was at a 708 Fico8. I was already established with Navy with 15k CLOC and Amex, Signature card with them both with 20K lines. So far I have gotten JCPenny Net30 ($3k SL), Amazon Net55 ($5k SL) and Sams Store Biz Card ($10K). The guy said it was a Sams Mastercard but turned out it wasnt, just a store card Oh well still glad and NO PG on all accounts except Navy of course.

@atst2000 , this will be my 2nd attempt at the VIsa with Navy. Ive been with them on the personal side for almost 6 yrs ($69.9k w/cc & cloc), and 1 year on the business side (check/savings). I tried a year ago for the biz Visa, and was declined (biz too new, etc..)...when I called into my biz rep 3 months ago, he encouraged me to try again then, but I said Ill wait till the 1 yr mark, hopefully I'll have a better outcome. The paperwork is a b@#ch to fill out, so not looking forward to it again. I might do it this weekend though.

Re: LOWE'S Business Account Approved!

atst2000 — Sat, 02 Mar 2019 00:33:51 GMT

Def is a pain in the a$$ and have to wait forever. They dinged me twice with Experian for Inq too just a heads up. I’ve had a business for over a year but under sole prop. Somehow I guess it was reporting though with Amex so that might’ve helped. Not sure. Nav.com says I have an A rating with experian biz but that’s it.

Re: LOWE'S Business Account Approved!

simplynoir — Sat, 02 Mar 2019 02:09:11 GMT

Congrats @pizza1!

Re: LOWE'S Business Account Approved!

CH2022 — Sat, 02 Mar 2019 04:50:00 GMT

@Anonymous, congrats on the approval!!

It sounds PG and Synchroney reports to personnel.

Based on the below forum, there a paper version and which doesnt require pg.

(Mod cut - sorry not here, that external URL/link is not permitted. Thanks for your cooperation)

btw,NFCU seems like depends on business rep they assign to our account. How about asking to change before you try.

Our Account app got denied; When i submitted again it is assigned to a different rep , who approved app and cc with out any issues.

Re: LOWE'S Business Account Approved!

ToughFistFight — Sat, 02 Mar 2019 22:52:56 GMT

Nice! Great get. High five.

Re: LOWE'S Business Account Approved!

pizza1 — Sun, 03 Mar 2019 00:33:15 GMT

@CH2022 wrote:
@Anonymous, congrats on the approval!!
It sounds PG and Synchroney reports to personnel.
Based on the below forum, there a paper version and which doesnt require pg.
(Mod cut - sorry not here, that external URL/link is not permitted. Thanks for your cooperation)

btw,NFCU seems like depends on business rep they assign to our account. How about asking to change before you try.
Our Account app got denied; When i submitted again it is assigned to a different rep , who approved app and cc with out any issues.

@CH2022 , Synch business does not report to personal. I did PG this, but regardless of PG or not, the business side doesnt report to personal., It will report to the business CRA, D&B and EXP.

Re: LOWE'S Business Account Approved!

woodyman100 — Sun, 03 Mar 2019 15:38:35 GMT

@Pizza1 this is a nice account. (Card is bugly, but a step up from the last design).

I was preapproved in store for this card a bit over a year ago at $4,000.

Its now at $13,000 after 2 self initiated cli requests.

I was using the card a fair amount and PIFing it though

Re: LOWE'S Business Account Approved!

pizza1 — Sun, 03 Mar 2019 21:37:01 GMT

called credit solutions for corporate, and asked for CLI to $15k, and granted!! I should have asked for more, LOL.. Im definitely good with the limit.

Re: LOWE'S Business Account Approved!

UncleB — Sun, 03 Mar 2019 21:58:47 GMT

@pizza1 wrote:
called credit solutions for corporate, and asked for CLI to $15k, and granted!! I should have asked for more, LOL.. Im definitely good with the limit.

This doesn't surprise me at all... tenacity at its best!

(Surprised or not, great job!)

Re: LOWE'S Business Account Approved!

pizza1 — Sun, 03 Mar 2019 22:14:13 GMT

@UncleB wrote:
@pizza1 wrote:
called credit solutions for corporate, and asked for CLI to $15k, and granted!! I should have asked for more, LOL.. Im definitely good with the limit.
This doesn't surprise me at all... tenacity at its best!

(Surprised or not, great job!)

Thanks @UncleB, Ill post a picture of the change once I get the card, and can do another screen shot. You know I like to post pictures for proof lol

Re: LOWE'S Business Account Approved!

UncleB — Sun, 03 Mar 2019 22:20:29 GMT

@pizza1 wrote:
@UncleB wrote:
@pizza1 wrote:
called credit solutions for corporate, and asked for CLI to $15k, and granted!! I should have asked for more, LOL.. Im definitely good with the limit.
This doesn't surprise me at all... tenacity at its best!

(Surprised or not, great job!)

Thanks @UncleB, Ill post a picture of the change once I get the card, and can do another screen shot. You know I like to post pictures for proof lol

topic Re: LOWE'S Business Account Approved! in Business Credit

LOWE'S Business Account Approved!*UPDATE*

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LOWE'S Business Account Approved!UPDATE