馃攳
Lowe's 4Pros Net 30 Business Line of Credit - NO PG - Data Points - YouTube
Channel: Get Business Credit
[0]
hey what's up it's josh with the get
[2]
business credit youtube channel and
[4]
today's video is a long overdue video
[6]
that i've been meaning to put out a lot
[8]
of you guys have asked about it
[10]
about the lowe's business credit um net
[14]
30 account it's kind of like a net 60
[16]
really i'll explain that to you here in
[18]
a moment but i'll give you a quick
[20]
update on the data points and what you
[23]
need to qualify to get approved it is
[26]
through synchrony bank so
[28]
just a heads up same as like the amazon
[30]
line of credit the jcpenney's commercial
[33]
conoco phillips
[35]
76
[38]
revolving no pg card
[40]
and sam's club mastercard
[42]
okay so before i get into that please if
[44]
you're not a subscriber already please
[47]
just do me a favor just hit that
[48]
subscribe button i'll wait a minute
[52]
no seriously please hit that subscribe
[54]
button
[55]
about 50 of the viewers are not already
[58]
subscribers so it just takes a second
[60]
and it helps the channel i really
[61]
appreciate it okay so without further
[64]
ado let's get into it
[66]
so you're going to go to lowe's for pros
[69]
just google those for pros i'll have the
[70]
link in the description below
[74]
you'll see four different cards you'll
[75]
see this one um
[78]
the flexibility to pay over time
[80]
you don't want to do that one because
[82]
it's gonna be a personal guarantee and
[84]
it's gonna hard pull
[87]
obviously the american express is also
[88]
going to be personal guarantee
[90]
and then there's a preload which is like
[92]
a prepaid one you don't want to do that
[94]
one either it's not beneficial
[97]
so what you want to do is um the lows
[100]
for pros
[102]
gray it's like a gray and yellow card
[104]
that's the one that i got
[106]
so i got approved for the amazon 10500
[109]
line of credit
[111]
net 55
[112]
which is really like longer than net 55
[116]
but uh got that and i got the lows for
[119]
pros
[120]
um both in the same day this one i got
[123]
approved i believe it was 3500
[127]
okay so
[128]
you're going to apply do no pg
[132]
the data points you're going to need is
[134]
it's best to be in business i would say
[136]
at least six months to apply
[139]
but if you already have a lot of trade
[140]
lines on experian business then you
[143]
might be okay
[144]
because the trade lines is what matters
[146]
the most and being active okay
[149]
so let me just show you mine real quick
[151]
you can see my experian business profile
[155]
it's going to say retail trade
[158]
so this is synchrony right here
[160]
uh that one is the conoco phillips card
[164]
this one is the
[166]
um
[168]
last sportage as you can see here is 10
[169]
26 that's going to be my lows for pros
[172]
it's the net 30 account but if depending
[175]
on when you use the card it could be
[178]
almost now 60. um
[180]
and then you can see here retail trade
[183]
and last four digits there
[186]
and you can see i have a recent high
[188]
credit of forty three hundred dollars
[190]
that's i use part of the amazon uh
[192]
that's the amazon
[194]
and it's synchrony bank
[196]
so i don't want to make this video too
[199]
long but like i said
[201]
it's best to have the nav business boost
[204]
use my link in the description below
[206]
that'd be great if you did if you don't
[208]
already have that the nav business boost
[211]
and have a lot of these are gas cards
[214]
through a fleet core so
[216]
um
[218]
to get amazon or lowe's you're going to
[220]
want to have five to seven reporting
[224]
trade lines on experian business they
[226]
don't pull done in brad street they
[228]
don't pull equifax they only pull
[230]
experian business okay
[232]
so let's get back over to here
[234]
so make sure you hit this one like i
[237]
said this card the yellow and gray
[241]
hit apply now and it's going to ask you
[243]
for your business information
[245]
keep in mind sometimes you don't get
[247]
approved right away it doesn't give you
[248]
instant approval
[250]
it'll give you a number to call in with
[252]
the reference number that means one of
[254]
two things they're either gonna one ask
[256]
for a personal guarantee or two
[258]
they're gonna ask uh to verify some
[261]
information about your business that's
[263]
what happened with mine i applied like
[265]
twice before like the amazon for my
[268]
newer business
[269]
and i got the same like little code to
[272]
call in reference number
[274]
and they want a personal guarantee the
[276]
first two times and then try the third
[278]
time
[279]
you know a month apart from each other
[281]
and
[282]
i had a missed call from synchrony bank
[284]
so i called that number back and it was
[287]
the synchrony bank lowe's department
[289]
keep in mind
[291]
each synchrony bank commercial account
[293]
rather be amazon lowe's
[296]
or jc penney's
[299]
sam's club no personal guarantee
[300]
mastercard all those have different
[302]
departments so there's not just one
[304]
number you can call in for that
[306]
sometimes they just have to verify
[307]
information
[309]
um
[310]
but you're gonna hit the right here it's
[312]
gonna say requested credit line
[315]
don't put some crazy high dollar amount
[317]
because you're probably gonna get denied
[319]
if i'm not mistaken i think i requested
[321]
like twenty five hundred or 000 and i
[323]
think they gave us 3 500.
[326]
um they they do ask for the donor brad
[328]
street number i don't know why because
[330]
they they do not pull down the brad
[331]
street they pull experian business
[335]
i think that's maybe if you're in a if
[336]
you default they're gonna report
[338]
so
[340]
you're gonna go through this section and
[343]
under the applicant it's gonna ask you
[345]
for if you wanna do a personal guarantee
[347]
do not check that because they will hard
[348]
pull your experian personal okay
[352]
so that's all for this business like i
[354]
said you want to have the score isn't so
[357]
important because i'll tell you the
[358]
amazon 10500 i got my experience score
[362]
was like at 36 because of um recent
[366]
accounts that i got and utilized
[369]
but my financial risk score was at one i
[372]
guess one to five so the scores don't
[375]
get hung up on the experian and paydex
[378]
don't get hung up on the scores what you
[379]
need to focus on
[381]
what's more important is the payment
[383]
trade experiences like here you can see
[386]
you know
[387]
this data here that's what's important
[389]
okay
[391]
you know so
[392]
you can see it's my business here i'm at
[395]
60 right now and i just paid off the
[398]
amazon so once that gets updated
[400]
probably in a couple days looks like
[402]
it's uh gonna update here probably in
[405]
two or three days once that updates it's
[407]
gonna probably shoot back up
[409]
but like i said the scores don't really
[411]
matter much it's the actual data within
[414]
the business credit profile with
[416]
experian that matters so the trade line
[419]
experiences and the payment experiences
[421]
with the financial trades okay
[424]
that's all for this video um
[427]
if you guys have any questions put it in
[429]
the comment section below please if
[432]
again if you're not already a subscriber
[433]
please hit that subscribe button turn
[435]
all notifications on and hit the thumbs
[438]
up appreciate it you guys take care bye
Most Recent Videos:
You can go back to the homepage right here: Homepage