I own two LLC's and primarily use LLC #1 for all my biz credit needs. Honestly I never intended to start any biz credit on LLC #2 but wanted to at least establish it.
Keep in mind I have owned LLC #1 for seven years and a VERY thick file (a dozen biz CC's, Net30's, BMW Fleet auto loan).
LLC #2 was started last year and has no active biz credit items, except for a biz bank account through Novo (Biz FinTech Checking) that I use.
LLC #2 was approved for the following:
- FNBO Evergreen Biz (I actually have the same card on LLC #1 active so this is my 2nd FNBO Biz card) and was pre-approved for the exact same CL I have on LLC #1, $13,700, HP on EX
- BOA Business Cash Rewards - Have tried almost 10 times for this card the last 5 years and always a decline...not this time...it spun forever, then went to pending. Next morning BOA called from their fraud department confirming I applied, I said yes...then I had to email them my formation docs, which I did...next day got the approval email for $10,500, and it was a HP on TU
I was shocked my 1 year old LLC was able to get approved pretty smoothly...Ironically I have good biz credit on LLC #1, but I do have an SBA loan on there...so I'm sure that made some lenders nervous.
Stats:
- FNBO pulled EX (754 EX F8)
- BOA pulled TU (771 TU F8)
- No idea Biz credit as I only have Nav on LLC #1
- LOL/24 on new accounts
- 38 inq on EX and 24 inq on TU
- AAOA overall is almost 5 years
I have an appointment at Chase this Friday with a biz banker on applying for Chase Ink...I'm hoping for an apporval but expecting a denial on this one obviously 
but the banker says he has a few contacts at HQ, so fingers crossed!
@atst2000 wrote:I own two LLC's and primarily use LLC #1 for all my biz credit needs. Honestly I never intended to start any biz credit on LLC #2 but wanted to at least establish it.
Keep in mind I have owned LLC #1 for seven years and a VERY thick file (a dozen biz CC's, Net30's, BMW Fleet auto loan).
LLC #2 was started last year and has no active biz credit items, except for a biz bank account through Novo (Biz FinTech Checking) that I use.
LLC #2 was approved for the following:
- FNBO Evergreen Biz (I actually have the same card on LLC #1 active so this is my 2nd FNBO Biz card) and was pre-approved for the exact same CL I have on LLC #1, $13,700, HP on EX
- BOA Business Cash Rewards - Have tried almost 10 times for this card the last 5 years and always a decline...not this time...it spun forever, then went to pending. Next morning BOA called from their fraud department confirming I applied, I said yes...then I had to email them my formation docs, which I did...next day got the approval email for $10,500, and it was a HP on TU
I was shocked my 1 year old LLC was able to get approved pretty smoothly...Ironically I have good biz credit on LLC #1, but I do have an SBA loan on there...so I'm sure that made some lenders nervous.
Stats:
- FNBO pulled EX (754 EX F8)
- BOA pulled TU (771 TU F8)
- No idea Biz credit as I only have Nav on LLC #1
- LOL/24 on new accounts
- 38 inq on EX and 24 inq on TU
- AAOA overall is almost 5 years
I have an appointment at Chase this Friday with a biz banker on applying for Chase Ink...I'm hoping for an apporval but expecting a denial on this one obviously
Good luck with Chase, but I don't think you're going to get it with "LOL /24"
@atst2000 wrote:
- 38 inq on EX and 24 inq on TU
Bruh, the nerve! 😅 I'm running through a brick wall for you.
Good to know BOA pulled TU... I'm looking for a business Cc for my personal LLC.
