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Approved for a few net 30's for new Biz!

Established Contributor

Re: Approved for a few net 30's for new Biz!


@woodyman100wrote:

@Pizza1

Got the call today.

Approved for the CC $10k at 11.4%

Approved for the BLOC $5k at 14.9%

Should have it all set up in the next couple of weeks


Congrats woody! Did the pull TU for all three? And if you don’t mind can you give us data points? Also, did you apply with membership or after having your biz bank account with them?

 

I’m going to setup mine too. I just noticed they asked for biz license and I need to renew mine this week before applying.


FICO 09 EQ 663 / TU 626
FICO 08 (Jun 2018): EX 677 / EQ 658 / TU 685
Message 11 of 21
Community Leader
Super Contributor

Re: Approved for a few net 30's for new Biz!


@woodyman100wrote:

@Pizza1

Got the call today.

Approved for the CC $10k at 11.4%

Approved for the BLOC $5k at 14.9%

Should have it all set up in the next couple of weeks


@woodyman100, thats super fantastic!!! you should post it in the biz section for data points for others!!  List out your data as well, scores, time it took, etcc...congrats to you!! 

(BK7 d/c-08/2013/FICO-400's) ~ Current scores....Your guess is as good as mine! ???
Scores being held down by tons of INQ/New acts Smiley Wink
Message 12 of 21
Valued Contributor

Re: Approved for a few net 30's for new Biz!

Just formed the LLC in mid Jan this year.

I did PG the card. I think it was required actually.

I’m going to rehab and hold some real estate

 

Chase 62k-Bank of America17k-FNBO 44.1k-Banco de Popular 25k-Discover 14.2k-Synchrony 74.5k-Banco do Brazil 5k-Amex 10k-Capital One 53.1k-NFCU 88k-John Deere 17.5k-EECU 10k-Commerce 17k-Blispay 7.5k-USAA 10k-Citi 20k-Fleetcor 7k-Sunbelt-RentalOne-Locke Supply-Limits 497450
Message 13 of 21
Valued Contributor

Re: Approved for a few net 30's for new Biz!

I don’t think the liscence is necessary.

i honestly think they went from personal credit profile and nothing else.

Did get a call from a different rep though who asked if I needed any products over 50k.

I said maybe laterSmiley Very Happy

Chase 62k-Bank of America17k-FNBO 44.1k-Banco de Popular 25k-Discover 14.2k-Synchrony 74.5k-Banco do Brazil 5k-Amex 10k-Capital One 53.1k-NFCU 88k-John Deere 17.5k-EECU 10k-Commerce 17k-Blispay 7.5k-USAA 10k-Citi 20k-Fleetcor 7k-Sunbelt-RentalOne-Locke Supply-Limits 497450
Message 14 of 21
Community Leader
Super Contributor

Re: Approved for a few net 30's for new Biz!

Just an update....

for the heck of it, tonight I decided to try to "search" for my business on EQ, EX, and DUNS just too see if Ive populated over there yet.

EQ and DUNS didn't show my biz, no record of it.

EX DID show my business, and underneath my name in a yellowish box said "tradelines", meaning I have tradelines showing on my EX report already.

I incorporated on 3/1/18 with the state, and obtained my EIN on same day. Also that same day, I placed orders with Quill, and Uline. Their invoices were paid 4 days after they were submitted to me by email, and my accounts were updated online accordingly.

I didn't pay money to pull my EX biz report, but Im assuming one or both of those net 30 accounts reported already???

Just because Im super curious on the Biz side and how it all works, I'll probably wait till July/August to pull the report to see what's on it, and how its reflective of my payment history with them.

I just thought it was fast that my Business is already showing up EX business, but not D&B. Im also NOT dealing with D&B, they are kinda old school anyways, and Im just waiting for my DUNS # to auto-populate.
(BK7 d/c-08/2013/FICO-400's) ~ Current scores....Your guess is as good as mine! ???
Scores being held down by tons of INQ/New acts Smiley Wink
Message 15 of 21
Frequent Contributor

Re: Approved for a few net 30's for new Biz!

Congrats. Ive been in business for years as a sole prop. Im about to go llc as well. I was concerned about the business being new but it doesn't seem to matter much
Message 16 of 21
Super Contributor

Re: Approved for a few net 30's for new Biz!


@601flyguywrote:
Congrats. Ive been in business for years as a sole prop. Im about to go llc as well. I was concerned about the business being new but it doesn't seem to matter much

I think it matters with most lenders, but it appears that NFCU is -- just as it is on the personal side -- a bit friendlier than the typical financial institution.

 

 


FICO8 EQ 769 TU 789 EX 764 Total revolving limits 569900 (484900 reporting)
Message 17 of 21
Super Contributor

Re: Approved for a few net 30's for new Biz!


@B335iswrote:

Congrats pizza!  Goodluck with Navy, they're goofy with biz accts.


They seem ok to me. Most business lending is a little sticky.

 


FICO8 EQ 769 TU 789 EX 764 Total revolving limits 569900 (484900 reporting)
Message 18 of 21
Established Contributor

Re: Approved for a few net 30's for new Biz!

Hey Pizza! Just wanted to let you know that I open my biz bank account with NFCU, today. The process was super easy. I submitted my application online yesterday (uploaded the documents), and they called me today to verify my identity and tell me that the bank account was open and ready. I only submitted my DBA since my new biz license has not arrived, yet. And, they were fine with that. I'm applying for the card and line of credit tomorrow and will update and make a new post with the results.


FICO 09 EQ 663 / TU 626
FICO 08 (Jun 2018): EX 677 / EQ 658 / TU 685
Message 19 of 21
Frequent Contributor

Re: Approved for a few net 30's for new Biz!

Were you both already nfcu personal customers? How are you liking the business side? I believe i will be going with first financial bank since i already have their 4% kasasa. They just want my SS-4 and certificate of formation for business account.
Any other business banking options that arent a hassle/HP?

Message 20 of 21