Citizens LOC

[werthere]

I believe there are no annual fees or account maintenance fees. There is, however, a one time origination fee. I paid $450. Now, I'm not sure if that's a flat fee an any approved line amount, or it's a percentage of an approved line amount. In my case that would translate to a .45% origination fee, almost half a point.

[Anonymous]

Very good.  Are you 100% sure its Equifax?  Thats my worse Score lol.

[werthere]

I'm not sure. I do, however, know they pull EQ exclusively on the personal credit side, so I'm just making a logical leap here. I know for sure they didn't HP anyone. Another kink is the app, while on Citizens website, goes through Fundation. I just think Citizens integrated Fundation's portal in its website. So, it could be that Fundation is the one that actually pulls the credit. Now, who they pull I have no idea.

[GApeachy]

I have a paid off car loan through Citizens; still reporting.  However when trying to search for the loc I'm immediately sent to Citizens One instead.  Georgia.  With Citizens One all they offer is a personal loan.  No loc. Nothing for the business. The loan would be at a whopping 10%.  Also, no cc's. Too bad.

[jaxstraw]

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@GApeachy wrote:

I have a paid off car loan through Citizens; still reporting.  However when trying to search for the loc I'm immediately sent to Citizens One instead.  Georgia.  With Citizens One all they offer is a personal loan.  No loc. Nothing for the business. The loan would be at a whopping 10%.  Also, no cc's. Too bad.

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https://www.citizensbank.com/small-business/loans/line-of-credit.aspx

[GApeachy]

Thumbs up!  thank you, couldn't find this link on my own.  

[Anonymous]

Congrats!

[Anonymous]

I applied last Thursday. I bank with citizens so easy to connect the bank account as asked. Received an email immediately asking for drivers license to be uploaded. Didn't hear anything Friday so I called them this morning. APPROVED for the 100k as requested. Prime plus 3.5% interest only payments. She said documents would be emailed via docusign today. Easier than getting a gas card! No poi or anything. Highly recommend!

[GApeachy]

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@Anonymous wrote:
 Easier than getting a gas card! No poi or anything. Highly recommend!

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I wish, you have what it takes.  Congrats!

[lindsaydruart]

Went through this entire process for them to tell me they declined me because my business is in Mississippi. They stated they only do mostly Northeast and some Midwest but nothing in the South. Huge bummer. They could just tell you that in the application.