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@Anonymous wrote:i was aware of only 3.
cc- 15k
bus loan-17.5k
bcloc-10k
Interesting, I was going to provide a link to the application, but I see it has changed
The new application has
vehicle/term loan
credit card
business checking line of credit
The old application listed
real estate loan
term/vehicle loan
credit card
letter of credit
line of credit
business checking line of credit
I don't mind supplying the PFS, but I'd like to get an idea on rates on a line of credit before applying and no one can even give me a range.
I have the CLOC because all I had to do was request it, but the CLOC rate is too high IMO. If I am going to have to PG something, it should at least be at a rate commensurate with the quality of my PG.
Please be sure to let us know how the Chase LOC works out and if you don't mind sharing rates, it would be immensely helpful.
bus loan-17.5k @ 6.75%
bcloc-10k @15%
^^^^^^^^^^^^^
Thank you
Update:
TD bank called and asked if i wanted an LOC.They are my main busines bankers- 5 yrs.
I applied for 57.5 K SBA loan.They pulled EXP.
They moved really fast.
Loan approved-waiting to close.
Update:
TD SBA loan closed last week.Within 6 weeks as promised by them.Being funded .Very easy process.
data point;
While TD business card reports to personal, the TD Line of credit does not.
Its open for more than a month,not reported yet.
For anybody that may want to know ...
Congratulations on a Chase Marriott Busineess Card. with an excellent credit limit. I have the Chase cash Ink business credit card with cash rewards anf a limit of $17,000 I am interested in the business Loc ...Keep us posted!!
Congrats
does anyone know if Chase Business products fall under the 5/24 rule?
@jc2 wrote:Congrats
does anyone know if Chase Business products fall under the 5/24 rule?
They do. Your Business Manager, not your CPC manager maybe able to overwrite you but don't apply until you talk to you BM.
Thank you