The Funding Blueprint Every Bank Insider Knows (Free Sauce) ๐
Most people jump straight into fundingโฆbut the ones who win, follow a sequence. Hereโs how to do it step-by-step ๐ 1๏ธโฃ Fix your credit first. We can help you with that, itโs the foundation. Then watch my free sneak peek on how to build an 850-credit profile ๐ Free 850 Guide Hereโs what a strong profile looks like ๐ โ
20 accounts โ
9-year average age โ
$30Kโ$40K revolving credit Most funders (even us) will work with less (10 accounts, 2โ4 years history, $10Kโ$15K total limits) โ but if you want big approvals, aim higher. 2๏ธโฃ Set up a safe LLC. Make sure you use the right name + NAICS code or youโll flag risk systems before you even apply. You can check safe names here ๐ LLC Vault 3๏ธโฃ Master the bank rules Every bank is different. BOA likes one thing, Chase likes another, and Wells has its own data points. โ
Some want deposits first โ
Some need in-person apps โ
Some soft pull only Banks use projected revenue and stated income as data points. Say enough to show capacity but not so much they ask for docs. Say too little and limits are tiny. Get that balance right. Hereโs 1 pro-tip most people donโt know ๐ If you have a $20K Amex personal card and a $15K Amex Blue Business, you can move $19K from personal to biz โ boom, now itโs a $34K 0% card. 4๏ธโฃ Play it like Tetris. Each bank pulls from 3 bureaus. ๐ Limit each to 3-5 inquiries MAX. If youโve got 0 inquiries, you can hit 3 banks with one per bureau, thatโs 9 potential approvals. 5๏ธโฃ Apply in the right sequence. Some banks are inquiry-sensitive. Apply in the wrong order, and you can ruin the whole stack. After all that, wipe the inquiries and repeat in 6-12 months.There are 9,000+ institutions which means endless opportunities to fund your next move. This is the stuff I love teaching. ๐ธ If you want me to walk you through this entire process step-by-step, Iโm doing a discount for my full funding course right now.