i’ve had a business account at US Bank for a year or so now.
I went in and talked to someone about a business line of credit for a new corporation i jusr formed.
they started a new bank account for me, input my credit line request, pulled my credit score, and asked me how much i make per year. that’s what they base it on, debt ratio and what you tell them your income is.
i didn’t have to fill out anything for the credit line
haven’t got any word back yet but i thought i’d let you know they didn’t ask me to prove my income
I am a newbie investor. hope this helps, from following a system. Let the corporate card apps come to you. Do you guys have EIN, this is the key lynchpin to the system I am following. In startup businesses you can put projected income in field what you expect to make that year(stated income). In your case, redline I would advise you to wait lik I am waiting for the apps to come to me. Only do 2 apps a month or at least wait until the cards come to you. I understand the max for most companies will be 20-30k. Viperman, my fico is 690 and rising. Viper, do you have an EIN? if not apply for one and wait patiently. As you may have heard, All things come to those who wait,lol
hope this helps
the applications come pretty fast. I do have a business acct but I dont think it makes a difference. The only thing they were concerned with me was my personal credit score. my score really helped me with business credit cards and not lines of credit, that will take some time for me.