Securing business funding is a detailed process that involves careful planning to improve chances of approval and maximize funding results. The sequence below is a guide to help you think about your own funding strategy, which you might need to adjust based on each client.

Pre-Funding Preparation

Securing business funding is a detailed process that involves careful planning to improve chances of approval and maximize funding results. The sequence below is a guide to help you think about your own funding strategy, which you might need to adjust based on each client.

Open During Optimization

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Open First Citizens checking account (open 30 days)

Open US Bank checking account (open 30 days)

Open 5/3rd checking account (open 30 days)

Open BoA checking account (open 90 days)

Funding Sequence

  1. First Round (BIG WINS)

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    Open Chase business checking account (season deposit 5 biz days)

    1. Chase Ink Unlimited (30k -> 40k) - 1 EX
      1. Recon to higher amount
      2. WAIT
      3. If you get a ≥30k approval, immediately apply for the 2nd card. If <30k approval, wait 30 days then apply
    2. Chase Ink Preferred (50k) - 1 EX
    3. AMEX Biz Gold (charge) / Personal (15k) - 1 EX
    4. WIPE

  2. Second Round (NO/FAST CHECKING)

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    Open Truist personal + biz checking (apply same time)

    Open PNC checking account (apply next day)

    Open Wells Fargo checking account (apply next day)

    1. AMEX (20k only 1 card) - 1 EX Soft
    2. ELAN (40k two cards) - 1 TU
    3. Truist (25k) - 1 EQ
      1. Only after “offer” while opening checking accounts
    4. PNC (15k) 1 EX / 1 EQ
      1. Call # on back if you get low limit and request extra 10k
    5. Wells (30k) - 1 EX
    6. WIPE

  3. Third Round (CHECKING) - 30 days after starting

    1. Wells (15K) - 1 EX
    2. First Citizens (30k) RM - 1 EX
    3. 5/3rd Bank (10K) - 1 EX
    4. WIPE

  4. Fourth Round (CHECKING) - 60 days after starting

    1. Citizens (30k ) - 1 Soft EQ [BUSINESS MUST HAVE 6 MONTHS OF AGE]
      1. Call # after 24 hours to push application through
      2. Important to build history so we wait for other cards to report
    2. WIPE

  5. Fifth Round (CHECKING) - 90 days after starting

    1. BoA (30k three cards) - 1 EX/TU
    2. US Bank (50k two cards) RM - 1 EX
      1. Providing 3 months bank statements from 1st round big wins
    3. AMEX (20k only 1 card. 90 days after other biz card) - 1 EX
    4. (Continue with local banks if want more)
    5. WIPE

Total Funding Potential: 250K+

Terms