I’ve been checking my stats on the impact of using alternative credit services like eCredable on business credit. eCredable is quite unique because it reports to major business credit bureaus such as Dun & Bradstreet, Equifax, Experian, and Creditsafe. Here's what their website states: "eCredable currently reports to Dun & Bradstreet (D&B), Equifax, Experian, and Creditsafe. For D&B and Experian, eCredable only reports your eCredable Business Subscription payment at this time, and Equifax only accepts accounts verified to be in the business name. Creditsafe accepts accounts in the name of the principal or the business." I've been using eCredable for over two years now, mainly focusing on building my profile with Business Experian and SBFE. They've been quite reliable in reporting to Equifax and Experian. It also allows us to report Uline, Quill, and other Net-30 accounts. Updates from D&B are hit or miss, though—I haven’t checked in a few months to confirm the latest status. It’s crucial to regularly log in to your accounts, perhaps every couple of months, to ensure everything is being reported correctly. I've encountered a few hiccups where some months weren’t reflected properly. A quick email to eCredable customer support usually resolves any reporting issues, ensuring all positive months are accounted for. eCredable and Nav have been invaluable for adding cheap and easy tradelines to my business credit files. I’m always on the lookout for similar services to broaden my credit foundation. Does anyone have recommendations for other similar services? I’m eager to hear from others who are using or have used eCredable. What has your experience been like?

Just swinging by to drop a quick update and a hot tip for anyone looking to expand their business funding options. So, this Monday was a big win for me—I closed not one, but two business accounts with Truist. Here’s the scoop: I managed to secure a $20,000 business credit card and a $50,000 loan with a 60-month term at 8.9%. The best part? This was all done with no documentation and just one hard pull from Equifax. That’s a smooth $140,000 added to my resources, and it couldn’t have come at a better time as I’m spinning up my HVAC company. Why do I love Truist so much? Well, check this out—I’ve got nine accounts with them: - Four cards with a $100,000 limit - Three cards with a $50,000 limit - Two cards with a $20,000 limit My highest BLOC is sitting pretty at $250,000, with the lowest at $50,000, secured just 9 months ago. Truist always pulls from Equifax for me. Now, with my eyes set on expanding even further, I’m heading to another branch to see if I can replicate my success. For my two businesses, Truist previously suggested they’d back me with both conventional term loans and BLOCs without the fuss of paperwork for the vehicles: - For Business #1: $50k + $50k - For Business #2: $100k + $50k Also, a heads-up for the newbies out there or smaller setups: Truist rang me up the other day offering a simple business loan of up to $25,000 for those operating under 2 years—pretty solid if you’re just getting your feet wet. I’ve attached the info on that Simple Business Loan from Truist for you to check out. Definitely worth looking into if you’re in a similar boat. I’m eager to hear your thoughts and any experiences you’ve had with business financing. Hit me up, let’s make sure we’re all making the most out of every opportunity!

NAV did a significant shift in their credit reporting strategy. For those who’ve been relying on NAV for D&B data, there's a notable change to be aware of. NAV.com is now focusing more on Experian and Equifax business credit data. They've introduced a new Credit Health hub in Nav Prime. They've also stopped providing a PAYDEX score, D&B reports, and the typical three business credit reports. D&B might not be the giant it once was, banks still pull from D&B. I always keep at least the free D&B report login handy to maintain visibility into your credit standing. 🔄 NAV has always fluctuated with their reporting standards. My guess is that they’ll reintroduce D&B reporting within a few years. I advocate for "real business credit"—focusing on SBFE, CreditSafe, PayNet, and ensuring you have high-limit financial tradelines. After boosting my limits to over $100K, I managed to secure construction loans above $250K. You can still work with net 30 vendors that report to build your credit profile without D&B data. Also, has anyone else tried obtaining a NAV Prime card? I initially received a denial due to an "inability to verify your identity," but got approval after a quick call—turns out, they just needed to confirm my birthday! Just a heads up, it’s not available in some states like Nevada, but it does report to all three major credit bureaus. Has anyone else got a NAV Prime card?

I've been on a financing spree lately, applying for no-doc Business Lines of Credit (BLOCs) for some owner media deals I've been preparing for. I've been networking with various regional and local banks, and here are my approvals so far: 1. Truist Bank: Offered up to $50K, and I got it approved. Note that Truist's no-doc offerings vary by state, so check with your local banker before diving in. 2. City National: These guys have a higher limit—up to $250K. I pushed the limit and got approved for a whopping $244K! 3. Umpqua Bank: Offers up to $100K, and yes, I snagged the full $100K. The process was smooth and definitely worth checking out. 4. PNC: Known for up to $100K, I walked away with $70K. Not bad, considering the straightforward process. 5. BMO: Offers up to $50K; I was approved for $35K. A bit more conservative, but their regional limitations play a part. 6. Key Bank: Also caps at $50K, and I achieved the maximum approval. Key Bank has been consistent and reliable. Insights from My Visits: East coast banks seem more generous with their BLOC offerings. Also, it's crucial to be in the "footprint" area of these banks for BLOCs, though this isn’t as strict for nationwide credit. I run a Wyoming LLC among others and have encountered some issues with no-doc loans due to not registering as a foreign entity in California—refusing to shell out $800 in default taxes there since I’m not active in CA anymore. My Advice: Always confirm with your banker about current no-doc loan programs as banks tend to change their offerings. Being informed and prepared can make a significant difference in your applications. Anyone else applying for BLOCs or have experiences with these or other banks on the east coast?

I’m sharing some recent business credit approvals of mine! So here’s the deals: I recently nailed some solid approvals – $25K from PNC Bank, $40K combined from First Horizon (that’s both BCC and BLOC), and another $25K from Chase Bank. Oddly enough, this is my second round with Chase this year; the first one capped at $15K for another biz. Not sure why Chase is holding back, but hey, that’s the game. **Credit Limit Increase Tip:** Did you know with Chase you can request a credit limit increase with just a soft pull? Yep, just call them up and chat it out – it's a great way to learn what’s possible without impacting your credit score too much. Pro tip: Make sure to lock up your credit bureaus before making the request. I did! **Entering the PNC Arena:** Here’s a thing with PNC – they like to see some meaty transactions and bank statements. My banker was quick to hint at a juicy $100K no-doc BLOC during my first visit. But, the very next day, he advised waiting another 30 to 60 days before applying to really beef up my transaction history. So, if you’re eyeing something similar, consider waiting about 91 days in total, showing as many deposits and payments as you can. This could really ramp up your chances for a near $100K approval. 🤫 **Insider Tip with PNC:** Another cool thing with PNC is that they only do a soft pull for business lines of credit and auto loans. Just keep your Experian inquiries low – under 2 or 3 in the last six months should keep you in the safe zone to pull that credit trigger. 💬 **Ever Heard of the Reconsideration Line?** Yup, if things don’t go your way initially, there’s always the reconsideration line. I believe it's a different department that can give you a second shot at pleading your case for credit. These are a few tactical moves and some patience can really turn the tides in your favor when building business credit. Has anyone else had similar experiences or used the reconsideration line successfully?