So I just checked my D&B business report and I'm in really good shape. I have a paydex score of 80. Now, the question is, who offers business lines of credit without a PG? I really don't want to PG for business credit. The only biz card I have without a PG is KeyBank.
Personal: American Express Platinum - NPSL | American Express Blue Cash Preferred - $15,000 | Chase Sapphire Reserve - $38,500 | Chase Amazon Prime Visa - $7,200 | Chase Freedom - $500 | Barclaycard Arrival+ - $18,600 | PenFed Platinum Rewards - $25,000 | PenFed LOC - $10,000 | Navy Federal Credit Union Platinum Visa - $25,000 | Navy Federal Credit Union LOC - $10,000 | Citi Double Cash - $12,170 | Citizens Cash Back+ - $8,650 | Citizens LOC Overdraft - $8,000 | Discover - $10,000 | Capital One Quicksilver One - $3,600 | Capital One Platinum - $750 | Valero - $600 | Dell - $3,000 | Lowes Advantage - $30,000 | Macys Amex - $25,000 | The Home Depot - $7,500 | Tourneau - $15,000 Business: American Express Business Platinum Card - NPSL | American Express Plum Card - NPSL | American Express SimplyCash Plus - $10,000 | American Express Gold Card - NPSL | Bank of America Cash Rewards - $100,000 | Capital One Spark Business - $54,000 | Chase Business Preferred - $34,000 | Chase Business Ink - $15,000 | PNC Bank Cash Rewards Visa Signature - $19,000 | PNC LOC $100,000 | BP Business Solutions - $1,500 | KeyBank Mastercard - $6,000 | Staples More Account - $3,500
Not many if any offer Creditcards without a PG. Major Name cards. Best thing to do is to get aquainted with your local bank business consultant and try to figure out what you really need and What you are going to acomplish by getting it. Banks dont mind lending money to small business owners if they have a repayment plan already in place. I have a Line of credit that is linked to my Business. Almost like a reserve or overdraft up to 50k It comes in handy during slow months I get charged 2.9%. Kind of like a credit card. If I go over in my checking reserve it kicks in. But after advanta shut down I went to key bank for a non-PG Card and I have a limit of 17k I think really dont keep track of credit limits