HP strategy /

[Nelsoul]

In the next few days I will be getting two triple HPs for two 50K loans in NJ.. The only requirements are in business for 6 months and 600 FICO..

 I'm also planning on starting a new LLC ,then apply for LOC, CC , perhaps a Small equipment financing or around 15K used towards startup . Through the new SBBCI/ CDFI programs , they'll be pushing these loans out and even guaranteeing them through EDA...

I order to maximize my approval potential how are these looked at by the credit agencies?

Let's say the 2 triple HPs happens within a month - could that potentially be scored/ considered ONE HP ?

Like rate shopping for auto/ mortgage, they wouldn't know its for 2 different products. 

How are HPs for business loans / CCs factored ? Could 6 in a month put me into seeking credit ? A HP from Chase for business CC in September, is that really considered a " new account " ? Or only when a personal CC reports new?

Since the 50K loans are based on 600 FICO (I'm 740-790 across all 3) . Would it be wise to apply for personal  LOC ,business CC , and/or bank loans first ,and have my first HPs in 2 years for EQ be tied to a credit product instead of kinda wasting my HPs? 

Or take the HPs now , deposit the 100K into the same financial institution , then in a few months use that as leverage towards funding for the new LLC..

0 for EQ -

2 TU ( chase ink 9/22 NFCU 1/20

4 Experian. 

Thanks !!

[cashorcharge]

Essentially....no....the HP's will not be grouped as it'll be seperate credit products with seperate FI's so that "grouping" benefit would not apply

The Chase Business account will not report on your personal CB so you may take the point ding for the INQ, you would not take the new account ding as it won't be posted

As to your question about order....I think that may boil down to where you'll be doing this at as some may be more sensitive than others to INQ's.  If there's a review...sure you can explain the INQ as being business related versus personal but again, that depends on where you're applying..