Navy Fed Biz- New "max" limit

[nysbadmk8]

For anyone curious the old 25K max limit w/o P&L and tax returns is Now 50K

 

So you can get 50K on a PG, Or now 75K if you provide P&L + biz and personal returns.

[FixnCred]

Has max exposure changed? I have the $15K Biz CLOC and the $25K Visa. I was going to hit them up for $40K CLI on the Visa to hit max exposure.

 

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[nysbadmk8]

Max exposure is 50K across all Biz products unless you wish to go into P&L and 2 years returns then its 75K.

 

I put it all on the Biz card, I never use the CLOC products since the Business has multiple LOC's

[FixnCred]

Hmmm I though max EXP was $80K. It's that way on personal.

 

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[blake10]

I think max is 80k

[AVFGuy]

It is 50K without docs.

[AVFGuy]

Has max exposure changed? I have the $15K Biz CLOC and the $25K Visa. I was going to hit them up for $40K CLI on the Visa to hit max exposure.

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You will only be able to add 10K to the CC or get another CC with a 10K limit without docs.

[nysbadmk8]

I think max is 80k

 

 

80K is max for personal accounts.

 

50K is for BUSINESS accounts.

 

Neither affect each other. I have the max exposure 80K on my personal account, and 50K on my business account.

[Videogamesrock]

I need 25k to close another real estate deal. I'm having zero luck opening an account with Wells Fargo because of our two tier llc. I don't want to be on account but they are requiring me to be. My operating agreement states members can't open accounts only managers or appointed treasurers. This is too hard for Wells Fargo to understand. My father is was in the Army from 76-80, can he join and sponsor me? And will Navy require all members to join or can we have only one manager on account?

[jimmyconway]

I need 25k to close another real estate deal. I'm having zero luck opening an account with Wells Fargo because of our two tier llc. I don't want to be on account but they are requiring me to be. My operating agreement states members can't open accounts only managers or appointed treasurers. This is too hard for Wells Fargo to understand. My father is was in the Army from 76-80, can he join and sponsor me? And will Navy require all members to join or can we have only one manager on account?

 

 

Since you are immediate family, your father can join Navy and sponsor you. You are eligible to become a member through your father.

[Videogamesrock]

Thanks I have him applying followed by a sponsor.

 

Do you know how their commercial loans work? I don't like to get the CLC and a commercial loan.

[jimmyconway]

Just get a biz credit card or a biz credit card and a CLOC.

 

Jimmy.

[acer12]

I have a businees account with Navy Fed, I have the $15K Biz CLOC and the $10K Visa I open the accounts in March 2017, when should I ask for a CLI? I should be able to add additional 25K to my credit.

[blake10]

I have a businees account with Navy Fed, I have the $15K Biz CLOC and the $10K Visa I open the accounts in March 2017, when should I ask for a CLI? I should be able to add additional 25K to my credit.

go ahead and ask

[cdilisio]

When applying for a NFCU business C.C. will they do a hard pull on my personal or can I apply with my EIN? I have two personal high CL cards with them and checking and savings accounts for 5 years now?

[inverse]

When applying for a NFCU business C.C. will they do a hard pull on my personal or can I apply with my EIN? I have two personal high CL cards with them and checking and savings accounts for 5 years now?

 

They will pull your personal (TU from my experience).