@TheRealRo wrote:Hi
Has anyone on here gotten approved? I'm on day 8 of waiting. Chatted this morning and was told it normally takes 12 days to process.
Hopefully I hear from them soon.
The message I got after applying was 5 business days and it's only been 3 days for me (counting today) due to the weekend.
I did get a text Friday to confirm residential address and they said my app would go to the underwriters once verified.
Let us know if you get approved before I do and any extra data points you can share. Looks like it's the first time this cards been talked about on myFICO.
@TheRealRo wrote:Will do! Please update us once you get approved as well.
I got the 5-10 business day email when I applied but today when I chatted they told me it normally takes 12 days for underwriting to review.
Good luck!
FWIW - you can login to the web portal and it tells you your app status. Alternatively, you can install the FlexBase app and login on your phone, but that way just tells you available balance and not status.
Update: I apped on the 8th, today is the 14th, FlexBase chat support stated up to 12 business days on the 8th, I got a text on day 2 (9th) and confirmed residential address, then today I get an email stating it will be another 5 to10 days for a decision.
Total wait time so far, minus weekend = 4 business days.
Fingers crossed I find out sooner than 10 more business days and that it's good news.
Anyone else tried Appling for this one yet or have progress to report?
Adding data points: after conversing with a few small businesses that previously apped and were declined, I found the following datapoints some might be interested in.
1. If you don't link your bank with plaid or your bank is not available on plaid, they will do a HP to try and get you approved without a plaid linkage. (It's an SP only if you link with plaid)
2. They pull from Experian personal + Experian Biz.
3. The x2 denials brought to my attention from other businesses was that the reason for denial was that their score did not meet the minimum requirements. Both the exp scores of the sole prop businesses were under 695 and neither linked plaid.
@TheRealRo wrote:Received text saying they cannot approve me and I will receive an email. It's been 24hrs no email.
Any luck with yours?
Sorry to hear that.
Please update with the denial reason(s) once you get them.
Still no word back on my application yet. :/ 🤔
Update: Unfortunately, I was declined as well for the following reason(s):
Equifax sp:
Too many inquiries (9 inquiries in the last 24 months)
Length of time in business too short (2005)
Unable to verify business revenue sources
Seems a bit odd for reasons, but OK. I gave it a shot.
Honestly, I can't seem to find even 1 approval case, anywhere. Every topic I come across on all platforms is a denial.
Maybe they are just physhing for Biz info (leads) to pitch different product later?
Anyone else have any luck?
@GRosaUSA wrote:Hello everyone. My first post. The reason I'm posting is because I searched google to check reviews on the Flexbase Business Card.
I received a text this morning that my credit application was approved for $7,500.00.
I did waited about 2 weeks for approval. Yo be honest I even forgot ss put it until I received the text.
if you have any questions please let me know.
if someone can teach me to add photos I will post photos of messages I've received.
good luck.
You were approved for $7.5k?
If so, congrats on your approval. Nice!
That would be the first approval reported so far here.