Business Credit Card Features and Benefits, continued
- Most clients receive one or more ‘Instant Approvals’, where a lender approves their ap- plication in 48 hours and sends out the cards right away. In this case, the client can receive 30-50% of the total funding they are going to receive within about two
- Clients typically receive all cards in as few as 15 days, nearly always within 30
- Balance Transfer Checks – Clients who use their accounts properly for the first 6 months or so may be offered Balance Transfer Checks by the lenders. They can use these checks to make a deposit right into a business checking account, allowing them to be completely
- Credit Limit Increases available after properly servicing the accounts for a few months. Past clients have doubled and tripled their limits on some cards within 15-18 months, with some clients building up to $50,000 to $100,000 per Clients must request increases.
- MWCC has over two hundred relationships with national, regional and local commercial bankers, underwriters, and investors. Our relationships with these lenders help to ensure that our get clients the highest approvals and best rates available, specific to their
Some Potential Uses:
- Cash Flow Management Tool – Helps a new business owner keep his cash on hand for things like payroll, while they can use the cards for other things that they can pay with CC for, like:
- Buying product/stocking the shelves
- Launch Marketing Campaign/Advertising/Branding
- Upgrade business systems/infrastructure
- Upgrade storefront
- Operating Capital
- Real Estate Investors can use the funds to purchase materials for a rehab project
- Balance Transfer Checks can be used to turn the Credit into Cash, which can then be used for down payment or purchase of equipment or property, or for any other cash transaction.
Requirements for Business Credit Card Applicants
1.) Completed prequalification form
2.) Guarantor with a strong personal credit profile (700+)
3.) A business entity (LLC, C-Corp, or S-Corp is preferred by Sole Prop is okay)
4.) A business EIN (Not required for Prequalification/Funding Estimate)
How It Work
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Alzheimer patients with their name, so they may be easily identified if they go missing.Body text functional tattoos are used primarily for a purpose other than aesthetics.
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