How To Get $70K+ In Business Funding From Truist Bank

[@creditjuan]

Want A Custom Funding Strategy Built For You And 1on1 Help? Click here: omnigrowthstrategy.com/apply-yto

[@chrisbruce5533]

Click bait. Sht was jus general information and then a plug to get to u call or signup for “private consultations “

[@creditjuan]

😂 what was clickbait?

[@firelordzaki1600]

Facts

[@darrellholland8267]

I live in little Rock AR and I have a trust business bank account there.🔥🔥🔥

[@creditjuan]

Good stuff!

[@pierrecheetham9872]

Have a 670 credit score Have a business account with Truist, 2 months now, been making deposits Have 10 yrs of credit history on the personal side No late payments, No derogatoriness whatsoever But 30% overall utilization What do you think of my chances of getting approved for their business CC???

[@creditjuan]

Its possible however i would get your utilization down first to increase your odds and approval limits

[@iranie4981]

I have late payments on my credit reports from my car financing co. The car will be paid in full in Dec & although I pay on time every month the co still reports it as late to the credit bureaus due to my late payments in the past. Can I Remove the entire account ?

[@creditjuan]

It's possible to remove the account forsure

[@730showtime]

Peace. If I want to open a business checking account with a foreign entity, what should I do? Should I use a registered agent, a virtual address or a virtual office when applying online for the account? What is the best method when applying directly at the bank's branch?

[@creditjuan]

Yeah you'd want to have a registered agent. Also there are a ton of companies online that can do this for you.

[@darrellholland8267]

Don't forget also in Arkansas West Memphis Ar.

[@creditjuan]

Very true! Had to go off of what they actually list but the do have branches there

[@SiegfriedEmme]

American express LOC is .5% per month. If you can pay it off fast enough it beats any rate out there

[@rindraneel]

How long the business should be in operation to apply for BLOC ?

[@creditjuan]

Atleast 2 years typically.

[@thakid5298]

@@creditjuanis there anyway around this requirement or a different method because my llc have been up an running a little over a year and I’ve been looking for ways around this issue for bloc funding?

[@creditjuan]

@@thakid5298 If you have a tax return from 2023 you can definitely get around it.

[@mattnieves2228]

If applying for the bloc should you also apply for the business cc as well or just the bloc or all at once im wondering the best way to apply without one messing up the other

[@creditjuan]

Well they are separate inquires from different bureaus regardless so it really just depends on your situation and use of funds

[@CPtheMechanic]

Can I apply for the Business cards and Line of Credit with 1 inquiry or do they pull you credit every time ?

[@creditjuan]

It is a inquiry everytime.

[@serenablount1607]

Hello, Is there one specific website that you use to find data points for different banks?

[@creditjuan]

Doctor of credit gives info on some banks which is a good free resource. But the rest is from our internal database.

[@hypehussle5973]

Recently foreign registered in Florida to try for Truist. When I called I was told I had to apply for a business checking account in the branch as I lived outside of there footprint. Even though I had the business in there footprint

[@creditjuan]

You actually can apply for that online in most cases or keep calling branches until one helps you. Truist has the ability to setup bank accounts over the phone

[@hypehussle5973]

@@creditjuan Once I said I lived in California I was told that I could not apply online or on the phone. When applying online I was getting an error to call when using the address I have for my foreign entity. Would I just tell them I live in Florida to get around that? The closest branch is a bit of a trip for me

[@creditjuan]

@@hypehussle5973 yes but you need the address of your foreign entity in the other state or your registered agents address that is in Florida. Thats the problem your having

[@hypehussle5973]

@LaJuanHughes92 I have an adress in Florida with a registered agent. It still gives an error online and over the phone my personal address was the issue

[@creditjuan]

@@hypehussle5973 yeah typically either one will give you a issue

[@ahkumreesetimehri4782]

I live in Illinois can I get in TRUIST?

[@creditjuan]

Would need a foreign entity

[@therunndown]

Thats 10-14% per month interest on the line of credit, right?

[@creditjuan]

Its on whats used on the line of credit. If your not using it then wont any interest accrue. But interest is accrued daily on balances carried over from previous cycle.

[@therunndown]

@@creditjuan Yes Sir, So business better be booming if a person were to take an advance of 30k out of the 50k and let's say keep it for 4 months without paying it off in its entirety ...Those percentages will compound that ass straight to Chapter 7 lol. Great Video, Great information Tho! I'm leaning towards Truist or Chase myself for the near future

[@DaveonCole-o1m]

I’m from Oklahoma how can I get this bank without being in the area

[@creditjuan]

A foreign entity.

[@DaveonCole-o1m]

@@creditjuan where do find one at do u know how much it cost

[@creditjuan]

You need to basically setup your business in another state with a registered agent in that state. You can use something like zen business to do this which I'll link here: shareasale.com/r.cfm?b=1229325&u=4094116&m=81890&urllink=&afftrack=

[@lovliNY]

Can it be a startup or must it be 6+ months old?

[@creditjuan]

Startups work

[@creditjuan]

Credit cards only though

[@captainforty669]

What state are u in?

[@creditjuan]

Nevada