Chase if you have an existing banking relationship with them might do a PG on for a business line of credit for a start up (under 2 years in business). Below is the criteria they sent me.
-A consumer and/or business credit report that is free of bankruptcy or judgments and that shows evidence of consistent on-time payments.
-FICO score of 700 or higher from the credit bureau we use when reviewing your application.
-A net annual outside income of at least 50% of the requested loan or line amount. Your net annual outside income is after-taxes earnings from a source other than your business, that also factors in your yearly business and personal scheduled debt payments.
This last one is basically saying if you have after tax earnings of 100k you could PG a business line up to 200k if you didn't have any obligations. I didn't get a clear answer on what if a portion of that net income is tax derferred (e.g. 401k contributions). I was told by the CSR that they won't counter offer so its best to stay conservative with the request.
Official travel point totals as of 10/21/24 (1,358,177 Total Points)
Chase Ultimate Rewards 696,884 | IHG One Rewards 144,957 | Hilton Honors 144,521 | AMEX Membership Rewards 102,729 | World of Hyatt 76,095 | Marriott Bonvoy 65,343 | Citi Thank You 38,153 | Choice Rewards 32,460 | United MileagePlus 13,316 | British Airways Avios 12,333 | Jet Blue TrueBlue 11,780 | Wells Fargo Rewards 2,858 | Southwest Rapid Rewards 2,447 | NASA Platinum Rewards 1,883 | AA Advantage 1,744 | Navy Federal Rewards 1,087 | Delta Sky Miles 175 | Virgin Atlantic Virgin Points 100 | Lowes Business Rewards 7,102 ($71.02) | Amazon Rewards 2,200 ($4.75) | Discover CB 10 ($0.10)
