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gotmike

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    http://www.gotmike.com
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    saint petersburg, fl
  1. Just an FYI on Accion (http://us.accion.org / 866-245-0783) - talked to them today. they don't offer LOCs, only term loans. So depending on your need, they may work or not. Also, Lendio seems to be an "aggregator" which is less useful in my mind and goes down the path of the "online lenders" which tend to have crazy high APRs and are closer to loansharks than anything else.
  2. I have searched and don't see much on this board about getting Small Business Lines of Credit (LOCs) or even term loans. A few mentions here and there, but nothing substantial. For virtually all small businesses (under $5mm revenue) I imagine there will be some level of a Personal Guarantee required, but I feel like this community can add more to the transparency of the process. There are lots of national banks that have programs in the $50-100k range which are great tools and way cheaper than using credit cards. I'm headed down this road now and it would be great if some people co
  3. do any of these sources report on-time payments to D&B or other bureaus?
  4. they look to have an extensive selection, but our peeps specifically wanted under armour. alphabroder doesn't have the UA stuff.
  5. I was close to buying at Amsterdam Printing but was kindof turned off by the $55 PER ITEM equipment setup fee. I wanted to buy a few shirts for our peeps with our logo on it and this was going to cost me an extra $200 or so just to order. I did a little poking around and found a company called Merchology that seems to have a better selection and they also offered Net 30 terms. They ask for your DUNS number on the super-simple app, so maybe they report? Figured I would pass along b/c they have been very friendly thus far. Good selection of Under Armour stuff and no BS fees. http://w
  6. come on, somebody help me out!! whether it is the capitalists or the communists, i gotta know what to do!!
  7. ok, i got my credit reports into a pretty good spot (high 700's), but low and behold some weird medical bill popped up on my report. i disputed the bill online at experian, as "not mine" and (obviously) it was verified. i really don't think they even check anymore. All that showed up on my report was MBC with a physical address on Belcher Rd in Largo FL. I live nearby, so I was just going to go up there and talk to them about the bill. At any rate, about a week later I received a letter in the mail telling me that they verified my dispute and to call them. Ordinarily, I would NEVER ca
  8. i didn't ask directly, but i got the distinct impression that they were intending on checking my personal credit. it is possible that the person i spoke with handled the small biz corp cards as well and just assumed that is what i was applying for. i'm not sure.
  9. the card is on the way. the approval letter came already stating the limits. i paid the 300$ for the card b/c it comes with a membership to the delta crown room. i figure the crown room membership is the same price, so i may as well see what else i can get with the platinum card.
  10. ok, here's the next stage in the saga. after being "approved" for 20k t&e and 500$ in retail, i requested two cards. one for me, and one for one employee. the employee received 4k in t&e and 500$ in retail. i was declined because "your other american express account was cancelled for derogatory reasons." now, keep in mind i have a personal gold delta skymiles card with amex that has an 8k limit and has never been late. i called the sales guy and he said he didn't have access to that information and that i should call the number on the notice. i called them. they looked up the i
  11. i told them we had 600k in sales and i did not give them a net income figure. they told me that until that number rose significantly, they wouldn't raise the 500$ portion, but the 20k portion would remain the same.
  12. wells fargo required a copy of our operating agreement just to open a checking account. so, i don't think you have anything to worry about.
  13. i applied online, was approved. then a guy called me and explained the bank statements and lease requirements. since i didn't have them, i told him thank you, but no thanks, i didn't fit their underwriting criteria. then about 6-9mos later, i got a call from him again and he told me that based on the fact that my company was going to be 3yrs old soon and some "new underwriting criteria" he thinks we can get approved. i told him to go for it (no paperwork this time) and he called me back and told me we were in. i sent in a signed cardmember agreement and told him how many and what types of
  14. "stated" as in a "stated" loan as opposed to "verified." i stated all my info on the app and they take my word for it without verifying anything. i did not supply any supporting documents at all.
  15. i did not have to submit any bank statements, tax returns, leases, or anything else for that matter. it was a completely "stated" process.
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