Just starting a business and getting business credit. I have 2 business AMEX cards and got a letter that said I would get a $250 bonus for just opening the Business Line Of Credit. So I said what the hell...Applied and a few days later got the approval for $2k, and the $250 bonus in my checking account. Dont need it as of yet, but still nice to have it, and once I get some decent revenue, I can see if I can build that up a bit.
It's a nice start with good potential for growth, congratulations!
@SSR wrote:Congrats on approval! Did they pull from your personal credit or just go off your EIN number?
It was a hard pull on Experian. I have a personal AMEX card and my 2 buisness cards were soft pulls. It could be because this is listed as a Kabbage account not just an AMEX business account. Or maybe my business file was thin so they did a hard pull.
@DaWhole9 wrote:Just starting a business and getting business credit. I have 2 business AMEX cards and got a letter that said I would get a $250 bonus for just opening the Business Line Of Credit. So I said what the hell...Applied and a few days later got the approval for $2k, and the $250 bonus in my checking account. Dont need it as of yet, but still nice to have it, and once I get some decent revenue, I can see if I can build that up a bit.
I too got approved, also for a $2k line of credit. But after I examined the terms, I realized it was unusable.
On a 6 month loan, I would have been paying 36% interest.
Congrats on your AMEX Business LOC!
