@Swmjason wrote:
I have a trucking business in Portland, Oregon. Personal income taxes are 9% here. So, since my future retirement is in Florida with no income tax I decided that I will move there soon. Since a member of this forum; my established business scores and personal scores are steadily increasing. However, I could use some help with SBA? Business LOCs, Business Credit cards. For the following, long term asset purchase (trucks/trailers), Working Capital Lines, and diesel charges/monthly revolving accounts. CRAs have said all 3 baddies (Paid COs) remaining on bureaus will be gone in December, 2023. The last original Student Loan remains with a few derogs; although the accounts are rehabilitated 'fresh start' program and deferred (although I still make payments). Any recommendation for FCUs for business that is preferred? Currently NFCU/Wells Fargo (personal), WF (business). No luck on extension of credit from WF, yet. Goals: Professional goals: Fleet of 5 commercial Units 14kweek in 90 ; Fleet of Transportation units: Class 8; (qty 3 e.o.FY23) 3k/wk passive income; Acquisition 17 more Class 8 units (e.o. FY24) 20k/week passive income; Business LOC available R/E/ dev $2mm; Educational Goals: MBA: (45 hours remaining).
For banking I would use Chase for a business of that size, especially since you're planning to relocate.
For credit I would start with an Amex business card.
