US Bank Existing Relationship LOC

[Anonymous]

Hi,

I was wondering if any existing relationship with US Bank would help with setting up cash lines of credit with US Bank?  I am currently the treasurer for a non-profit and listed on the checking and savings accounts which exceed several million. Would it make sense to pursue US Bank for my for profit business?

[Anonymous]

Hi and welcome to the forums! It really depends on what your profile looks like and whether it makes sense for you I can't answer that question as only you would really know that. Do you have any other LOC for your for profit business or other credit such as a business CC?

[Anonymous]

Yeah I have a BofA and Capital 1 Sparks for my for profit. 

11 tl Experian

10 DNB

6 Equifax 

No cash CL though. 

[Anonymous]

I see. So if a LOC is something your business needs than why not. As far as USBank specifically and which scores they use for a LOC, I wouldn't know, so hopefully someone can chime in and help. Good luck!

[Anonymous]

I'm not sure if it's necessary, plenty of people have gotten Credit Cards with them having no previous relationship. Though dependig on how much you want/need, having first hand experience with your finances might go further in them extending credit. 

However, if your file supports it, then you shouldn't have a problem getting approved without a relationship. 

[Anonymous]

Basically I'm in the market for a LOC. I figured since on that other account with millions it might help?  If it doesn't then I'll pursue the PNC LOC.