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Not getting approved for Net30's

username7
New Contributor

Not getting approved for Net30's

Meanwhile, I have my Amex Biz 2%, Amex Biz Bonvoy and 5% Amazon. Respectively around $85k available credit. 

US Bank approved me for the Triple Cash Rewards for $3k

FNBO Evergreen Biz approved me for $7.5k

Shell Small Business Fuel $11k

BP Fleet Solutions $12k

 

 

Home Depot? Denied.

Office Depot? Denied.

Staples? Denied. 

Lowes4Pros? Denied.

Sam's? Terrified to even try, with my personal exposure with them.

99% Wex backed cards? Denied.

 

chrome_9CtDJEvPHs.png

 

D&B: 80

Experian: 85

Equifax: 346

FICO: 169

 

Business is about 3 years old. 

 

Message 1 of 12
11 REPLIES 11
GApeachy
Super Contributor

Re: Not getting approved for Net30's


@username7 wrote:

 

FICO: 169

 

 


^^^ ???  do you mean SBFE?

"My Take Home Pay Don't Take Me Home"
Message 2 of 12
4sallypat
Established Contributor

Re: Not getting approved for Net30's


@username7 wrote:

Meanwhile, I have my Amex Biz 2%, Amex Biz Bonvoy and 5% Amazon. Respectively around $85k available credit. 

US Bank approved me for the Triple Cash Rewards for $3k

FNBO Evergreen Biz approved me for $7.5k

Shell Small Business Fuel $11k

BP Fleet Solutions $12k

 

 

Home Depot? Denied.

Office Depot? Denied.

Staples? Denied. 

Lowes4Pros? Denied.

Sam's? Terrified to even try, with my personal exposure with them.

99% Wex backed cards? Denied.

 

D&B: 80

Experian: 85

Equifax: 346

FICO: 169

 

Business is about 3 years old. 

 



Have you tried the new fintech banks that will offer Net 30 terms for businesses like yours ?

These do not check personal credit - they go off your business stated income & links to your business bank accounts:

 

  • Divvy
  • Torpago
  • Brex
  • Kleer 
  • Ramp
  • Corpay

 

Also if your business can use these Net 30 accounts I have apped for:

  • Walmart Capital One Community Card
  • Menards / Northern Tool (Blue Tarp / Capital One)
  • Amazon Net 30/55 LOC
  • Samsung business credit
  • Floor & Decor net 30 (Comenity)
  • Dell Commercial (Web Bank)
  • Best Buy Business net 30

 

Message 3 of 12
WayneSki
Regular Contributor

Re: Not getting approved for Net30's


@username7 wrote:

Meanwhile, I have my Amex Biz 2%, Amex Biz Bonvoy and 5% Amazon. Respectively around $85k available credit. 

US Bank approved me for the Triple Cash Rewards for $3k

FNBO Evergreen Biz approved me for $7.5k

Shell Small Business Fuel $11k

BP Fleet Solutions $12k

 

 

Home Depot? Denied.

Office Depot? Denied.

Staples? Denied. 

Lowes4Pros? Denied.

Sam's? Terrified to even try, with my personal exposure with them.

99% Wex backed cards? Denied.

 

chrome_9CtDJEvPHs.png

 

D&B: 80

Experian: 85

Equifax: 346

FICO: 169

 

Business is about 3 years old. 

 


Why would you need Net 30 accounts, when you have multiple credit cards that you can get cash back and build real business credit with?

Asking for a friend.....

Message 4 of 12
4sallypat
Established Contributor

Re: Not getting approved for Net30's


@WayneSki wrote:

@username7 wrote:

Meanwhile, I have my Amex Biz 2%, Amex Biz Bonvoy and 5% Amazon. Respectively around $85k available credit. 

US Bank approved me for the Triple Cash Rewards for $3k

FNBO Evergreen Biz approved me for $7.5k

Shell Small Business Fuel $11k

BP Fleet Solutions $12k

 

 

Home Depot? Denied.

Office Depot? Denied.

Staples? Denied. 

Lowes4Pros? Denied.

Sam's? Terrified to even try, with my personal exposure with them.

99% Wex backed cards? Denied.

 

chrome_9CtDJEvPHs.png

 

D&B: 80

Experian: 85

Equifax: 346

FICO: 169

 

Business is about 3 years old. 

 


Why would you need Net 30 accounts, when you have multiple credit cards that you can get cash back and build real business credit with?

Asking for a friend.....


Net 30 accounts builds tradelines that help with your business scores.

Business credit cards are one type of revolving credit, but other types help the credit mix and scores (BLOC, Business loan, Net terms)

Message 5 of 12
WayneSki
Regular Contributor

Re: Not getting approved for Net30's


@4sallypat wrote:

@WayneSki wrote:

@username7 wrote:

Meanwhile, I have my Amex Biz 2%, Amex Biz Bonvoy and 5% Amazon. Respectively around $85k available credit. 

US Bank approved me for the Triple Cash Rewards for $3k

FNBO Evergreen Biz approved me for $7.5k

Shell Small Business Fuel $11k

BP Fleet Solutions $12k

 

 

Home Depot? Denied.

Office Depot? Denied.

Staples? Denied. 

Lowes4Pros? Denied.

Sam's? Terrified to even try, with my personal exposure with them.

99% Wex backed cards? Denied.

 

chrome_9CtDJEvPHs.png

 

D&B: 80

Experian: 85

Equifax: 346

FICO: 169

 

Business is about 3 years old. 

 


Why would you need Net 30 accounts, when you have multiple credit cards that you can get cash back and build real business credit with?

Asking for a friend.....


Net 30 accounts builds tradelines that help with your business scores.

Business credit cards are one type of revolving credit, but other types help the credit mix and scores (BLOC, Business loan, Net terms)


O Okay.... I have business credit cards approved for an entity thats a couple months old with ZERO business credit established. I don't have a Dunns number either.

Message 6 of 12
4sallypat
Established Contributor

Re: Not getting approved for Net30's


@WayneSki wrote:

@4sallypat wrote:

@WayneSki wrote:

@username7 wrote:

Meanwhile, I have my Amex Biz 2%, Amex Biz Bonvoy and 5% Amazon. Respectively around $85k available credit. 

US Bank approved me for the Triple Cash Rewards for $3k

FNBO Evergreen Biz approved me for $7.5k

Shell Small Business Fuel $11k

BP Fleet Solutions $12k

 

 

Home Depot? Denied.

Office Depot? Denied.

Staples? Denied. 

Lowes4Pros? Denied.

Sam's? Terrified to even try, with my personal exposure with them.

99% Wex backed cards? Denied.

 

chrome_9CtDJEvPHs.png

 

D&B: 80

Experian: 85

Equifax: 346

FICO: 169

 

Business is about 3 years old. 

 


Why would you need Net 30 accounts, when you have multiple credit cards that you can get cash back and build real business credit with?

Asking for a friend.....


Net 30 accounts builds tradelines that help with your business scores.

Business credit cards are one type of revolving credit, but other types help the credit mix and scores (BLOC, Business loan, Net terms)


O Okay.... I have business credit cards approved for an entity thats a couple months old with ZERO business credit established. I don't have a Dunns number either.


@WayneSki 

If you want to improve your business credit scores, try NAV business boost - their monthly subscription keeps track of all your business scores.

Then apply for a DUNS #from D&B.

Message 7 of 12
SACT51
Frequent Contributor

Re: Not getting approved for Net30's


@username7 wrote:

Meanwhile, I have my Amex Biz 2%, Amex Biz Bonvoy and 5% Amazon. Respectively around $85k available credit. 

US Bank approved me for the Triple Cash Rewards for $3k

FNBO Evergreen Biz approved me for $7.5k

Shell Small Business Fuel $11k

BP Fleet Solutions $12k

 

 

Home Depot? Denied.

Office Depot? Denied.

Staples? Denied. 

Lowes4Pros? Denied.

Sam's? Terrified to even try, with my personal exposure with them.

99% Wex backed cards? Denied.

 

chrome_9CtDJEvPHs.png

 

D&B: 80

Experian: 85

Equifax: 346

FICO: 169

 

Business is about 3 years old. 

 


WEX is a horrible bank so be glad they're doing you a huge favor...

Message 8 of 12
Red1Blue
Super Contributor

Re: Not getting approved for Net30's

Have you tried ATOB Business Gas card. You can get approved very easily and they report to D&B if you request them. NAV is another company that reports. 

Message 9 of 12
dragontears
Valued Contributor

Re: Not getting approved for Net30's


@WayneSki wrote:

@4sallypat wrote:

@WayneSki wrote:

@username7 wrote:

Meanwhile, I have my Amex Biz 2%, Amex Biz Bonvoy and 5% Amazon. Respectively around $85k available credit. 

US Bank approved me for the Triple Cash Rewards for $3k

FNBO Evergreen Biz approved me for $7.5k

Shell Small Business Fuel $11k

BP Fleet Solutions $12k

 

 

Home Depot? Denied.

Office Depot? Denied.

Staples? Denied. 

Lowes4Pros? Denied.

Sam's? Terrified to even try, with my personal exposure with them.

99% Wex backed cards? Denied.

 

chrome_9CtDJEvPHs.png

 

D&B: 80

Experian: 85

Equifax: 346

FICO: 169

 

Business is about 3 years old. 

 


Why would you need Net 30 accounts, when you have multiple credit cards that you can get cash back and build real business credit with?

Asking for a friend.....


Net 30 accounts builds tradelines that help with your business scores.

Business credit cards are one type of revolving credit, but other types help the credit mix and scores (BLOC, Business loan, Net terms)


O Okay.... I have business credit cards approved for an entity thats a couple months old with ZERO business credit established. I don't have a Dunns number either.


Not all businesses need Dunns or have to mess with D&B scores. If your industry doesn't use D&B why bother with it?

Scores hover around 800
Haven't been AZEO in over a year
Rome was not built in a day, neither is a good credit profile
Message 10 of 12
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