US Bank Business Loan 25k

[Visionary36]

Hello everyone,

I had applied with US bank for their business quick loans for 30k for LLC thats been established for only 9 months. They came back and countered for 25k 36 months at about 10% interest. The whole process took about 2-3 days from applying and getting funded. They only asked for bank statements and proof of address I thnik just to confirm where the money was getting sent to

[JoeRockhead]

Congratulations on the approval!

[URHomeInvestments]

Nice limit for a young LLC and bank statement, which is fairly low doc.  Do you have a banking relationship with US Bank?

[Visionary36]

No I never banked or applied for any of their products before

[cashorcharge]

That’s Terrific!! Congratulations @Visionary36  on your Approval!!👏🏼🍾🥂

I take it they pulled your personal TU at the time of application?  Guessing you had to PG this loan?

[Visionary36]

yes It's PG and they pulled equifax for business loan. I believe they pull transunion when its business credit card

[cashorcharge]

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@Visionary36 wrote:

yes It's PG and they pulled equifax for business loan. I believe they pull transunion when its business credit card

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Thanks for the update 

[URHomeInvestments]

Thanks for the data points.  That product is better than a credit card by a long shot, in terms of rate.  It is also funded so quickly, and is unsecured.  Really, quite nice.  

[FicoMike0]

Congratulations!

[jdsinm]

Grats. 

How many months of statements?

Was it hard personal credit pull(s)? 

If so what specific pull(s)?

Thanks for your time