16d • General discussion
PERSONAL CREDIT STRUCTURE
PERSONAL CREDIT STRUCTURE NEEDED PRIOR TO GETTING BUSINESS FUNDING
You can obtain a business card with a credit limit up to five times that of your strongest personal credit card, provided it is over two years old, within 2 to 3 weeks. To be eligible, you must meet the following requirements below:
- Credit Score: 680+ (700 - 760 considered Golden)
- Number of Accounts: 7-10 (12 considered Golden)
- 2+ Primary Personal Credit Cards $5000+ Limit
- Age of Credit: 3-5 years
- Credit Utilization: Usage under 10%
- Credit Inquiries: 3 or less
- Payment History: No late payments
- No Derogatory Marks
- Bankruptcies: None
- Charge Offs: None
- Collections: None
Note: For a Business Line of Credit (BLOC), you will need a business entity and 2 years of Tax Returns.
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PERSONAL CREDIT STRUCTURE
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