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Is Manufacturing Spending Still Relevant?
Back in 2019 I was running it up with a few cards. As you can see NavyFed and I were best friends. But is this still relevant?
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New comment Jun 4
Is Manufacturing Spending Still Relevant?
GIVEAWAYS & REFERRALS
Be eligible to win a FREE 1-On-1 with Me OR FREE 1 Month Access To My Paid Community by introducing yourself in the Introduce Yourself Column and sharing wins you’ve gotten from my content(with proof) inside of the #Wins Column! At the end of each month: The top community member(with the most points) will WIN one of the giveaways Everyone who posts in the Introduce Yourself & #Wins Column(with proof) will be put in a draft to WIN one of the giveaways IF YOU WANT THE PAID CREDIT SKOOL, FREE FOR LIFE, HERE’S OUR REFERRAL PROGRAM AFTER you refer 4 members who join the paid community you get access to the All-In-Credit VIP Community FOR LIFE! Just let us know who you referred by private DMing @JesseLake and as soon as we confirm you’ll be in!
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New comment May 25
Truist Bank - Could This Work for You Too?
Just swinging by to drop a quick update and a hot tip for anyone looking to expand their business funding options. So, this Monday was a big win for me—I closed not one, but two business accounts with Truist. Here’s the scoop: I managed to secure a $20,000 business credit card and a $50,000 loan with a 60-month term at 8.9%. The best part? This was all done with no documentation and just one hard pull from Equifax. That’s a smooth $140,000 added to my resources, and it couldn’t have come at a better time as I’m spinning up my HVAC company. Why do I love Truist so much? Well, check this out—I’ve got nine accounts with them: - Four cards with a $100,000 limit - Three cards with a $50,000 limit - Two cards with a $20,000 limit My highest BLOC is sitting pretty at $250,000, with the lowest at $50,000, secured just 9 months ago. Truist always pulls from Equifax for me. Now, with my eyes set on expanding even further, I’m heading to another branch to see if I can replicate my success. For my two businesses, Truist previously suggested they’d back me with both conventional term loans and BLOCs without the fuss of paperwork for the vehicles: - For Business #1: $50k + $50k - For Business #2: $100k + $50k Also, a heads-up for the newbies out there or smaller setups: Truist rang me up the other day offering a simple business loan of up to $25,000 for those operating under 2 years—pretty solid if you’re just getting your feet wet. I’ve attached the info on that Simple Business Loan from Truist for you to check out. Definitely worth looking into if you’re in a similar boat. I’m eager to hear your thoughts and any experiences you’ve had with business financing. Hit me up, let’s make sure we’re all making the most out of every opportunity!
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New comment May 23
🚀 A Few Recent Approvals: The 91-Day Strategy with PNC (Experian Focus)
I’m sharing some recent business credit approvals of mine! So here’s the deals: I recently nailed some solid approvals – $25K from PNC Bank, $40K combined from First Horizon (that’s both BCC and BLOC), and another $25K from Chase Bank. Oddly enough, this is my second round with Chase this year; the first one capped at $15K for another biz. Not sure why Chase is holding back, but hey, that’s the game. **Credit Limit Increase Tip:** Did you know with Chase you can request a credit limit increase with just a soft pull? Yep, just call them up and chat it out – it's a great way to learn what’s possible without impacting your credit score too much. Pro tip: Make sure to lock up your credit bureaus before making the request. I did! **Entering the PNC Arena:** Here’s a thing with PNC – they like to see some meaty transactions and bank statements. My banker was quick to hint at a juicy $100K no-doc BLOC during my first visit. But, the very next day, he advised waiting another 30 to 60 days before applying to really beef up my transaction history. So, if you’re eyeing something similar, consider waiting about 91 days in total, showing as many deposits and payments as you can. This could really ramp up your chances for a near $100K approval. 🤫 **Insider Tip with PNC:** Another cool thing with PNC is that they only do a soft pull for business lines of credit and auto loans. Just keep your Experian inquiries low – under 2 or 3 in the last six months should keep you in the safe zone to pull that credit trigger. 💬 **Ever Heard of the Reconsideration Line?** Yup, if things don’t go your way initially, there’s always the reconsideration line. I believe it's a different department that can give you a second shot at pleading your case for credit. These are a few tactical moves and some patience can really turn the tides in your favor when building business credit. Has anyone else had similar experiences or used the reconsideration line successfully?
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New comment May 14
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