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Unsecured Cards up to $150,000

Credit cards usually offer 0% intro rates for up to 2 years… very helpful for startups especially. Credit lines allow you to take out more cash at a much cheaper rate than do cards. These are the main two differences that will affect you between credit cards and credit line. Investopedia even says that “lines of credit are potentially useful hybrids of credit cards”…

Both cards and lines are revolving credit. Credit lines are harder to qualify for as card approvals are typically very fast, many times automated, while line require an in-depth underwriting review. Lines usually offer lower rates, according to Bankrate card rates average 13% while lines average 4%.

Most banks offer unsecured business credit cards.

Most of them do report to the consumer credit reporting agencies. They all require a personal guarantee from you. You can get approved usually for one card max as they stop approving you when you have 2 or more inquiries on your report.

Most credit card companies offer business credit cards including Capital One, Chase, and Amex. These have rates similar to consumer rates and limits are also similar. Some report to the consumer reporting agencies, some report to the business bureaus. Approval requirements are similar to consumer credit card accounts.

Typically, when you apply for a credit card you put an inquiry on your consumer report. When other lenders see these, they won’t approve you for more credit because they don’t know how much other new credit you have recently obtain. So they’ll only approve you if you have less than 2 inquiries on your report within the last 6 months… and more will get you declined.

With UBF, you work with a lender who specializes in securing business credit cards. This is a VERY rare, very little know about program that few lending sources offer. They can usually get you 3-5 times the approvals that you can get on your own. This is because they know the sources to apply for, the order to apply, and can time their applications so the card issuers won’t decline you for the other card inquiries. Individual approvals usually range from $2,000- 50,000.

The result of their services is that you usually get up to 5 cards that mimic the credit limits of your highest limit accounts now. Multiple cards create competition, and this means you can get your limits raised typically within 6 months or less of your initial approval. Approvals can go up to $150,000 per entity such as a corporation. With UBF they actually get you 3-5 business credit cards that report only to the business credit reporting agencies. This is HUGE, something most lenders don’t offer or advertise. Not only will you get money, but you build your business credit also so within 3-4 months, you can then use your newly established business credit to get even more money.

The lender can also get you low intro rates, typically 0% for 6-18 months. You’ll then pay normal rates after that, typically 5-21% APR with 20-25% APR for cash advances. And they’ll also get you the best cards for points, meaning you get the best rewards. Just like with anything, there are HUGE benefits in working with a source who specializes in this area… the results will be much better than if you try to go at it alone.

You must have excellent personal credit now, preferably 685 + scores… the same as with all business credit cards. You shouldn’t have ANY derogatory credit reported to get approved, you must also have open revolving credit on your consumer reports now and you’ll need to have 5 inquiries or less in the last 6 months reported.

All lenders in this space charge a 9-15% success based fee and you only pay the fee off of what you secure. Remember, you get a ton of extra benefits and about 3-5 times more money with this program than you’d get on your own… which is why there’s a fee… the same as all other lending programs.

You can get approved using a guarantor and you can even use multiple guarantors to get even more money. There are also other cards you can get using this same program but these cards only report to the CONSUMER reporting agencies… not the business reporting agencies. They are consumer credit cards versus business credit cards.

They provide similar benefits including 0% intro APRs and 5 times the amount of approval of a single card but they’re much easier to qualify for. You can get approved with a 650 score and 7 inquiries in the last 6 months and you can have a BK on your credit… and other derogatory items. These are much easier to get approved for than UBF business cards.