topic Re: US Bank Business Loan 25k in Business Credit

US Bank Business Loan 25k

Visionary36 — Thu, 21 Nov 2024 04:55:24 GMT

Hello everyone,

I had applied with US bank for their business quick loans for 30k for LLC thats been established for only 9 months. They came back and countered for 25k 36 months at about 10% interest. The whole process took about 2-3 days from applying and getting funded. They only asked for bank statements and proof of address I thnik just to confirm where the money was getting sent to

Re: US Bank Business Loan 25k

JoeRockhead — Thu, 21 Nov 2024 12:33:26 GMT

Congratulations on the approval!

Re: US Bank Business Loan 25k

URHomeInvestments — Thu, 21 Nov 2024 14:26:48 GMT

Nice limit for a young LLC and bank statement, which is fairly low doc. Do you have a banking relationship with US Bank?

Re: US Bank Business Loan 25k

Visionary36 — Thu, 21 Nov 2024 16:03:32 GMT

No I never banked or applied for any of their products before

Re: US Bank Business Loan 25k

cashorcharge — Thu, 21 Nov 2024 18:26:41 GMT

That’s Terrific!! Congratulations @Visionary36 on your Approval!!👏🏼🍾🥂

I take it they pulled your personal TU at the time of application? Guessing you had to PG this loan?

Re: US Bank Business Loan 25k

Visionary36 — Fri, 22 Nov 2024 01:50:04 GMT

yes It's PG and they pulled equifax for business loan. I believe they pull transunion when its business credit card

Re: US Bank Business Loan 25k

cashorcharge — Fri, 22 Nov 2024 15:46:17 GMT

@Visionary36 wrote:
yes It's PG and they pulled equifax for business loan. I believe they pull transunion when its business credit card

Thanks for the update

Re: US Bank Business Loan 25k

URHomeInvestments — Mon, 25 Nov 2024 00:13:38 GMT

Thanks for the data points. That product is better than a credit card by a long shot, in terms of rate. It is also funded so quickly, and is unsecured. Really, quite nice.

Re: US Bank Business Loan 25k

FicoMike0 — Mon, 25 Nov 2024 00:49:42 GMT

Congratulations!

Re: US Bank Business Loan 25k

jdsinm — Wed, 27 Nov 2024 05:19:48 GMT

Grats.

How many months of statements?

Was it hard personal credit pull(s)?

If so what specific pull(s)?

Thanks for your time

Re: US Bank Business Loan 25k

Visionary36 — Sat, 30 Nov 2024 07:00:28 GMT

i just sent 1 months worth of bank statement but they went more based of my state incomed and not bank statement and it was a hard pull with equifax they also pull business equifax credit report as well but it is PG

Re: US Bank Business Loan 25k

azlv-2025 — Sat, 05 Apr 2025 01:45:42 GMT

Hey, do you have business credit elsewhere? I want to apply but just denied in Chasegiven my business doesn't have a credit history. This is the first time I am applying for business loan and credit cardthough my small business was established since 2020.

Re: US Bank Business Loan 25k

Visionary36 — Wed, 23 Apr 2025 21:36:41 GMT

I did not have any business credit at all with this one but I did have a few thousand coming in. I also just got approved for chase business credit card and deposited money into the account and left it in there for 2-3 months before I applied and got approved.