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NFCU Business Approval

Super Contributor

NFCU Business Approval

Inspired by @woodyman100 thread, I applied for the business line of credit (5k) and business visa (5k). I was approved for both the LOC and the Visa card. I am very happy, have wanted a business LOC for ages, but never had the gumption to ask for one.

 

Instructed by @pizza1 to do so, I'm starting this new thread (I would never say no to @pizza1).

 

It took about 2 weeks from the date of the initial application to learn that the line of credit had been approved. It took maybe another 2 days for it to show up online. Shortly thereafter I learned that I'd been approved for the credit card too.

 

There was a hard pull on TU.

 

My FICO 8 score on TU was 760-something.

 

As usual, I had a pretty high number of inquiries and new accounts.

 

 


FICO8 EQ 769 TU 791 EX 764 Total revolving limits 569900 (484900 reporting)
18 REPLIES
Moderator

Re: NFCU Business Approval


@SouthJamaicawrote:

Inspired by @woodyman100 thread, I applied for the business line of credit (5k) and business visa (5k). I was approved for the LOC

and haven't heard back yet on the Visa card. I am very happy, have wanted a business LOC for ages, but never had the gumption to ask for one.

 

Instructed by @pizza1 to do so, I'm starting this new thread (I would never say no to @pizza1).

 

It took about 2 weeks from the date of the initial application to learn that the line of credit had been approved. It took maybe another 2 days for it to show up online.

 

There was a hard pull on TU.

 

My FICO 8 score on TU was 760-something.

 

I always have a pretty high number of inquiries and new accounts.

 

 


Congrats SJ!

 

What are your existing personal NFCU accounts?  What documentation, if any, did you have to provide? Also what is the structure of your business?

Message 2 of 19
Super Contributor

Re: NFCU Business Approval


@Irish80wrote:

@SouthJamaicawrote:

Inspired by @woodyman100 thread, I applied for the business line of credit (5k) and business visa (5k). I was approved for the LOC

and haven't heard back yet on the Visa card. I am very happy, have wanted a business LOC for ages, but never had the gumption to ask for one.

 

Instructed by @pizza1 to do so, I'm starting this new thread (I would never say no to @pizza1).

 

It took about 2 weeks from the date of the initial application to learn that the line of credit had been approved. It took maybe another 2 days for it to show up online.

 

There was a hard pull on TU.

 

My FICO 8 score on TU was 760-something.

 

I always have a pretty high number of inquiries and new accounts.

 

 


Congrats SJ!

 

What are your existing personal NFCU accounts?  What documentation, if any, did you have to provide? Also what is the structure of your business?


Thanks @Irish80

 

On the personal side I have a CLOC (15k), a Flagship Visa (13k), and a Platinum Visa (33k), as well as checking & savings.

 

It's a corporation.

 

To set up checking and savings I needed the certificate of incorporation and employers ID number letter.

 

For the credit application I also needed to provide signed bylaws.

 


FICO8 EQ 769 TU 791 EX 764 Total revolving limits 569900 (484900 reporting)
Message 3 of 19
Valued Contributor

Re: NFCU Business Approval

Congrats Jamaica!
I don’t really need any of this, but I’ll have it when I do!
Chase 62k-Bank of America17k-FNBO 44.1k-Banco de Popular 25k-Discover 14.2k-Synchrony 74.5k-Banco do Brazil 5k-Amex 10k-Capital One 53.1k-NFCU 88k-John Deere 17.5k-EECU 10k-Commerce 17k-Blispay 7.5k-USAA 10k-Citi 20k-Fleetcor 7k-Sunbelt-RentalOne-Locke Supply-Limits 497450
Message 4 of 19
Community Leader
Super Contributor

Re: NFCU Business Approval

Nice... Congrats as they are a very good CU. 

Message 5 of 19
New Contributor

Re: NFCU Business Approval


@SouthJamaicawrote:

Inspired by @woodyman100 thread, I applied for the business line of credit (5k) and business visa (5k). I was approved for both the LOC and the Visa card.

 

 


did you only ask for 5k on the cloc and cc?

Gardening 25MAY16 - 25NOV16
Current FICO: 05/18/16 EX 719 | 05/14/16 TU 674 | 05/25/16 EQ 670

Message 6 of 19
Super Contributor

Re: NFCU Business Approval


@FICOPathwrote:

@SouthJamaicawrote:

Inspired by @woodyman100 thread, I applied for the business line of credit (5k) and business visa (5k). I was approved for both the LOC and the Visa card.

 

 


did you only ask for 5k on the cloc and cc?


Yes that's all I asked for.


FICO8 EQ 769 TU 791 EX 764 Total revolving limits 569900 (484900 reporting)
Message 7 of 19
Community Leader
Super Contributor

Re: NFCU Business Approval


@SouthJamaicawrote:

Inspired by @woodyman100 thread, I applied for the business line of credit (5k) and business visa (5k). I was approved for both the LOC and the Visa card. I am very happy, have wanted a business LOC for ages, but never had the gumption to ask for one.

 

Instructed by @pizza1 to do so, I'm starting this new thread (I would never say no to @pizza1).

 

It took about 2 weeks from the date of the initial application to learn that the line of credit had been approved. It took maybe another 2 days for it to show up online. Shortly thereafter I learned that I'd been approved for the credit card too.

 

There was a hard pull on TU.

 

My FICO 8 score on TU was 760-something.

 

As usual, I had a pretty high number of inquiries and new accounts.

 

 


LOLOL!!! I just didnt want your own approval getting lost in someone elses thread! PLus the individual data points really help out the communitySmiley Happy 

 

Congrats on the approvals, thats super awesome!!!

(BK7 d/c-08/2013/FICO-400's) ~ Current scores....Your guess is as good as mine! ???
Scores being held down by tons of INQ/New acts Smiley Wink
Message 8 of 19
Established Contributor

Re: NFCU Business Approval

Congrats on all the approvals! I’m going for the visa and business LOC tomorrow.


Message 9 of 19
Regular Contributor

Re: NFCU Business Approval

Thanks for the new biz thread! And congrats. Smiley Happy

Chase Business Ink 20k PenFed Plat Rewards VS 10k NFCU Go Rewards10700 BECU 10k Chase FU 6k NFCU Flag 5k Disco IT 5k Amex BCE 1k Gold Delta Skymiles Biz 5k Amex Biz Gold Rewards NPSL
Message 10 of 19