credit card denials

Anonymous · ‎06-24-2019

I applied for

BoA advantage cash rewards for business - denied instantly

Chase Ink Business Reserve - still waiting

Amex Simply Cash for Business - denied instantly

What are some factors that will help a newer LLC receieve funding from a bank?

Thanks,

cryptex

ZackAttack · ‎06-24-2019

Well, what are your data points on your credit? Do you have any active accounts???

Loans
Ford Credit Car Loan 2-year 6/22/2023 ($299/month)
Closed
Michigan Schools & Gov't CU Titanium 1/4/2019 - 10/2/2020
Ford Credit Car Loan 3-year 7/31/2018-6/6/2021
$1,500 Discover Card 10/2/2020 - 8/18/2021
$3,500 Citi DC 10/14/2020 - 12/11/2021
$8,000 DCU Personal Loan 5-year 5.99% 10/2/2020 - 4/30/2021
$8,000 NFCU CashRewards 1/2/2021 - 7/30/2022
$5,000 MSGCU Personal Loan 3-year 7.75% 4/22/2022 - 10/30/2022
Ford Credit Car Loan 2-year 6/7/2021 - 6/22/2023

Anonymous · ‎06-24-2019

I have a recently opened phone account with a Suntrust card and a chase cash card with high balances

My scores are

FICO8 - 721

TU - 756

Equifax - 739

my accounts include student loans, but my payments don't start until november. I have paid a few times on them already though. never missed a payment and my utilization is below 10% @zackattack

jaxstraw · ‎06-24-2019

You will have better success going over to the Business Credit forum and reading some of the pinned posts.

And post this over there as well.

Building business credit is entirely different than personal.

Jax

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M_Smart007 · ‎06-25-2019

@Anonymous wrote:
I applied for
BoA advantage cash rewards for business - denied instantly
Chase Ink Business Reserve - still waiting
Amex Simply Cash for Business - denied instantly

What are some factors that will help a newer LLC receieve funding from a bank?

Thanks,
cryptex

This question would probably be better answered in The "Business Credit Section" for more exposeure.

I would like to politely ask one of The MODERATOR's to move it.