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ldeazy

Wells Fargo Business LOC

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Just got approved for 20k Wells fargo business line of credit. I had recently been denied over a year ago without a counter. Does anyone else have experience with wells fargo business loc? The rate was prime + 7.25


I have a favorable amount. In the low 700's credit score. Business have been in existence for over 10years.

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On 8/6/2018 at 12:15 PM, isol said:

i applied twice with no luck. any tips?

How many trade lines do you have open? like cc's? they like to see about 3-5.  I only had two. But really high amounts. What is the history of your business? Did you make some money in last yr/two tax return? Whats your credit scores looking like?

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I received a pre-approval from them for up to $100,000 and returned it. My personal ficos are 600-650 but business credit is pretty decent

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