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FYI - just app'd my business for the Home Depot Commercial Revolving account and was approved for $1,000 - had asked for $2,500. She said she could go to $2,500 with a PG, which I declined. Asked her how long I would need to establish history at this level before asking for a CLI, she indicated 3-5 months.
I also asked her what they looked at as part of the approval process (what reports) and she said she was looking at D&B as well as the Experian business report.
Hope that helps all you future business app'ers for HD Commercial Revolving.had
I thought I would come back and update this thread. I applied for a was approved for the following
Velero Gas Card - $1000
Exxon/Mobile - $500
Texaco - $1000
BP - $2875
I also have
Key Bank $3000
Staples $2000
Tractor Supply - $1000
I think this should build my business credit up a little. I am happy with the limits I have and will keep them in check and see my credit limits grow. All of these are without PG.
Have a happy credit day!
I applied for a Home Dep ot online today, and received a Report Code #25. Talked to a CSR and was told 7-10 days. Decided to research this code 25. This is one of the many threads I found the term 'PG' used alot when researching this. Can someone PLEASE tell me what 'PG' is an abbreviation for.
Thanks!
@bigman023 wrote:I applied for a Home Dep ot online today, and received a Report Code #25. Talked to a CSR and was told 7-10 days. Decided to research this code 25. This is one of the many threads I found the term 'PG' used alot when researching this. Can someone PLEASE tell me what 'PG' is an abbreviation for.
Thanks!
PG = Personal Gaurantee... you have to let them base approval off of your personal credit.
Oh..
Thanks