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You need
at least 3 - 6 Funding accounts reporting on your business credit reports to qualify for the accounts in the next tier.
Please scroll down to apply and make purchases with accounts that report to the business credit bureaus if you have not already.
Keep in mind the items discussed in Step 2 so that you can have the best success in approvals with the below accounts and success with them reporting.
APPLY WITH
1-2 ACCOUNTS
When applying for unsecured funding make sure you use your correct business information as it matches on all of your business records.
To make sure your accounts report Positive, make sure your payment is made on the statement due date rather than just the due date.
It typically takes 30-60 days to complete this step and for your payments to report on your business credit reports. Continue to search your reports regularly so you are aware when they start reporting.
REQUEST CREDIT INCREASES WITH YOUR INSTITUTIONS OFTEN.
WHEN OBTAINING UNSECURED FUNDING, LENDERS TEND TO REVIEW YOUR HIGHEST CREDIT LIMIT ISSUED BY OTHER LENDERS.
WHEN DETERMINING YOUR LIMIT FOR A NEW ACCOUNT,
IT IS OFTEN SEEN FOR LENDERS TO EITHER MATCH OR DOUBLE YOUR HIGHEST CREDIT LIMITS.
Business Funding Market
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