What Next????

[Panhead]

Hey guys Im brand new to the boards, been lurking for 5 months or so. Thanks to all the regulars for the wealth of info! Company started in 9/09 (LLC). Got a dnb number in April, got quil, reliable, sprint, fedex, ups, charged on them immediately, 1st of May I had a paydex of 79 (Im serious) 1st of June they bumped it to 80! Since then dnb hasnt reported anything. the next thing i acquired was amazon 2000cl, a vendor (truck dealer net 30) for 1500cl, conoco 1000cl, and valero 2000cl, and got denied by shell! My dnb high says its 7500 what does that have to do with issuing my business credit? And what do i do next as far going forward? ~ Kel

[milesb]

Not bad...I would go get staples,officemax,and office depot. Being that you got high trades it should be no problem. Also to add injury to insult you can get depper in to the citi family with a chevron card. Then move to best buy,radio shack,wal mart etc...

 

 

Hey guys Im brand new to the boards, been lurking for 5 months or so. Thanks to all the regulars for the wealth of info! Company started in 9/09 (LLC). Got a dnb number in April, got quil, reliable, sprint, fedex, ups, charged on them immediately, 1st of May I had a paydex of 79 (Im serious) 1st of June they bumped it to 80! Since then dnb hasnt reported anything. the next thing i acquired was amazon 2000cl, a vendor (truck dealer net 30) for 1500cl, conoco 1000cl, and valero 2000cl, and got denied by shell! My dnb high says its 7500 what does that have to do with issuing my business credit? And what do i do next as far going forward? ~ Kel

[Panhead]

Milesb I tryd office depot, staples, and officemax and got denied by all 3!!! By all ive read, thats kinda why i was surprised to get conoco, amazon, and valero, especially with what i considered rather high limits?!?!? The chevron thing is no good to me because we dont have chevron here in lil ole oklahoma...lol

[MainSt.]

Different banks have different requirements. Citi is definately not a starter account anymore. Office depot and staples are citi, officemax is HSBC and I didnt think they even offered business credit any longer.

[milesb]

Wow..Shocked to hear that. I just started a corp and got those three with no problem. Amazon is underwritten by G.E. . They are way tighter than citi. Even now. Hmmmm..If you do not mind me asking have you benn late on payments,lots if inq's, got a complete file at dnb. whats your industry code? Maybe i can help a little better if i know. Could be the luck of the draw but G.E. is definantly tighter than citi for sure.

 

Milesb I tryd office depot, staples, and officemax and got denied by all 3!!! By all ive read, thats kinda why i was surprised to get conoco, amazon, and valero, especially with what i considered rather high limits?!?!? The chevron thing is no good to me because we dont have chevron here in lil ole oklahoma...lol

[Panhead]

No lates, code is 213 (thought about changing please advise), the amazon is net 30!

[Panhead]

actually i was wrong its code 4212 (trucking)

[milesb]

Trucking is no good. Industry struggling. I would change it...

 

 

actually i was wrong its code 4212 (trucking)

[milesb]

This may explain why its difficult to get credit. Trucking is taking a big hit becuase of the economy. Nobody builds nobody drives.

[Panhead]

Ok how hard is it to change and what do I change it to?

[milesb]

You can change it on you eupdate through dnb online. Or call them and tell the that you are not trucking and they got you misclassified. Tell them you are a class c courrier service not trucking. That should do it. Try online first. If you call they will try and sale you something

 

Ok how hard is it to change and what do I change it to?

[Panhead]

Ok Got that change to (non air courier service)....now who do i go after next?

[milesb]

Make some more orders and pay them off then apply in a month or two

[Panhead]

but to who?? GE?? everything else I have is CITI .... if so which GE backed card should i apply for? whos most likely to give it up???

[milesb]

I would pack my experian file uline,gboogie.net,reliable,tech depot,4imprint,macey's, grainger etc...so your file looks alot ediffernent than befor. Make sure those trades hit first. Then reapply. make sure you have no lates,complete file with dnb,finanacials etc

 

but to who?? GE?? everything else I have is CITI .... if so which GE backed card should i apply for? whos most likely to give it up???

[alpha12]

I would pack my experian file uline,gboogie.net,reliable,tech depot,4imprint,macey's, grainger etc...so your file looks alot ediffernent than befor. Make sure those trades hit first. Then reapply. make sure you have no lates,complete file with dnb,finanacials etc

 

but to who?? GE?? everything else I have is CITI .... if so which GE backed card should i apply for? whos most likely to give it up???

 

 

 

That right all about the file these days, always has been really,but more so now than before. Get your public filings in order, file, file,file...

[milesb]

GE is general electric bank. They took over palces like amazon and office max. They are alot harder to get than citi . But if you stack your citi deck they fall right in. They pull you experian file..

 

but to who?? GE?? everything else I have is CITI .... if so which GE backed card should i apply for? whos most likely to give it up???

[milesb]

GE is general electric bank. They took over palces like amazon and office max. They are alot harder to get than citi . But if you stack your citi deck they fall right in. They pull you experian file..

 

but to who?? GE?? everything else I have is CITI .... if so which GE backed card should i apply for? whos most likely to give it up???

[Arnold Boys]

Where do you apply for Macy's?

[sharedaluv]

call macys credit dept. to see about biz credit. thats what i learned from the post im not an expert on this subject