๐ฐBusiness Funding Checklist for $50k๐
There are 8 points to check off your list to ensure you are in the best position for securing business funding. Please go through this checklist. Make sure all boxes are checked before applying for funding: 1. Maintain a FICO score of 680 or higher. 2. Ensure there are no collections or charge-offs on your credit report. 3. Verify that you have no late payments recorded within the last year. 4. Confirm that you have not filed for bankruptcy or experienced repossession. 5. Keep your credit utilization at 40% or lower. Credit card limits at least $5k to get approved for higher limits. 6. Have between a minimum 3 to 7 primary credit accounts established. 7. Include 1-2 authorized user tradelines that are 4-5 years old. 8. Limit inquiries to a maximum of 2-3 per credit reporting agencies. By checking off these items, youโll be better positioned to secure the funding you need just like the example below โฌ๏ธ (One of 2025 funding clients approved for $100k with Chase. 1 out of 5 business credit cards approved in one round with our Syndicated Line of Credit funding).