HOW TO GET APPROVE FAST FOR $100,000 in BUSINESS FUNDING #entrepreneur #businessfunding #realestate

So to qualify for business funding, there's a few things you're gonna need, and I'm gonna mention it, a 700 or higher credit score. You cannot have any derogatories like bankruptcies, collections, charge offs and no late payments. But if you do have a late payment, as long as it is not within the last two years, I would process. My bankers are cool with that. You know, you want to have at least two primary credit cards. Primary, not authorized users of at least 5k each. What are primary credit cards? So primary credit cards are like, you know, a Chase credit card or Capital One. How are they going to have have those if they're going to you for them? If they don't, I tell them you want to go to then banks that are going to get high limits. So not every bank are known for high limits. But credit unions are like Navy Federal, you know, is one I tell them go there, there's another one. Wings Financial is another credit union. You don't even need to be a member to apply for their credit cards. So I guide them, you know, hey, if you need these credit cards, like you don't have any, apply for these cards, but you might not qualify for funding right away because you need at least to show some usage on those cards. Okay. You know, especially if you don't have any, you want to have some revolving accounts and some installment accounts. So revolving accounts are your credit cards, whether they're retail card like Macy's, you know, Chase Credit card, Capital One. And then you want to have installments like your personal loans, educational loans, mortgage, auto, things like that. And then hard inquiries is another big one. Right. So you don't want to have more than three per bureau. You know, the good thing is my clients, when they work for me, I do also do inquiry removal and I do not charge for that once you're my funding client.