Epic Real Estate Investing - 10 Banks That Will APPROVE A New LLC Without Proof of INCOME | 1379

Episode Date: November 9, 2024

Are you ready to unlock substantial business funding with little to no hassle? In this exclusive session, discover how to secure up to $50,000 in business funding per bank for your new LLC—even if you don’t have any income proof! Learn how to take advantage of 0% interest for up to 18 months, giving you a powerful financial cushion to grow and scale your business without paying a dime in interest. The host reveals the secrets behind securing funding from 11 major banks, including Bank of America, Chase, U.S. Bank, and American Express, that offer these game-changing opportunities. You’ll learn insider strategies for maximizing your approval odds, such as the importance of opening business checking accounts, leveraging your business name to strengthen your application, and how to use reconsideration lines to increase your chances of success. As an added bonus, the host shares a little-known tip that could help you qualify for an additional $150,000 in personal funding through NoCostCapital.com—at no cost to you. Whether you’re just starting out or looking to expand, these techniques are used by some of the wealthiest entrepreneurs to scale their businesses quickly and efficiently. Don’t miss out on this chance to apply proven strategies to fuel your growth and achieve the financial success you deserve. Tune in and start building the foundation for your future today!   Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Terio Media. Hey, strap in. It's time for the epic real estate investing show. We'll be your guides as we navigate the housing market, the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair. If you're looking for some one-on-one help, meet us at rei-i-a-s.com. Let's go, let's go, let's go, let's go, let's go, let's go.

Let's go. Imagine this. Your brand new LLC, it gets approved for up to $50,000 in funding with no income proof, no tax returns, and you get 0% interest for 18 months. And it sounds too good to be true, right? But it's real. And I've got 10 banks willing to give you this. Plus, I'll give you a hack to maximize how much they do give you. I'm pulling back the curtain on 10 banks that will lend your new LLC up to $50,000 each. even if you're just starting and have no financial history. I'll reveal also the insider tips and tricks to boost your approval odds and how to get the most out of each bank. And stick with me because I've got a bonus tip at the end

that could get you an extra $150,000 in personal capital. First up, Bank of America. B of A is known for its business credit cards with 0% APR for the first nine billing cycles. And get this, they offer up to $50,000 in funding through their stated income program, meaning you don't need to show proof of income. To boost your chances, I recommend opening a business checking account with at least a $500 deposit.

And if you want even better odds, add a personal checking account or a personal credit card with them. Trust me, I've got personal experience with B of A. Every bit here counts. Next on the list, Bank number two, Chase. This bank's business credit cards come with 0% interest for up to 12 to 24 months. Chase also reports to major business credit bureaus like Equifax and Dun & Brass Street. which means you'll build a solid business credit profile here. Not only that, but you can score a high sign-up bonus,

like $750 for spending $6,000 on the Chase Inc. Business Unlimited. And the pro tip here, if you already have a personal credit card with Chase, it'll make your approval odds even better. U.S. Bank is the third bank. They offer up to 18 months of 0% interest through their triple cash card with credit limits as high as $23,000 for new LLCs. To increase your chances, open a free silver business checking account, deposit some cash, and then let it sit for about

30 days before applying. This simple setup could be the difference between a small credit limit and getting the full $50,000 they give to seasoned LLC. Bank number four, PNC Bank, the hidden gem. PNC Bank might be flying under the radar, but it's a gold mine for small businesses. They offer lines of credit up to $100,000, although for the full amount, your LLC usually does need to be at least two years old. But don't worry if your LLC is newer. They have other options that don't require tax returns or bank statements. Another pro tip, don't wait until you're desperate to apply. Banks are quick to offer an umbrella on a sunny day, but just as quick to snatch it back when it starts to rain. So apply for funding and credit before you need it. Bank number five, Wells Fargo,

the second largest bank in the U.S. They got a small business advantage line of credit, specifically for businesses under two years old, with credit limits up to $50,000. And here's the Wells Fargo blueprint. Walk into a branch, open a business checking account, and then apply for the line of credit. Bank number six, a mid-sized bank with big support, Truist Bank. They focus on small and mid-sized businesses offering lines of credit up to $50,000 with no tax returns or income proof. Now, Truist, they might not be available everywhere, so check if they operate in your state.

but they're a fantastic option for newer LLCs with limited documentation. And here's pro tip number three. Don't stop at just one bank. Because here's the strategy. You want to apply at multiple banks. I mean, imagine $50,000 from each one. That's potentially a half a million dollars of growth capital. And with that said, I hope I don't have to tell you to use this money wisely.

I mean, this isn't about lifestyle upgrades. It's about building and scaling your business. Bank number seven, Regions Bank. They offer business credit cards and lines of credit under stated income programs, so no tax returns are needed here either. Like Truest, regions isn't in every state. But if they're near you, they're a great option for small business credit without the usual hoops to jump through.

Bank number eight, American Express. They are a powerhouse for business owners, especially with its soft pull policy. You see, once you're approved for one AMX card, applying for more won't impact your credit score. This is perfect for expanding your business credit without damaging your credit profile. And if you're not sure where to start, they offer a pre-qualification check right on their website. Bank number nine. Now, this isn't a traditional bank, but Novo offers flexible funding for new and small businesses. It's straightforward, with minimal documentation needed, and it won't affect your credit here either.

If you're looking for an easy, low-risk funding option, Novo, it's a solid choice. Now, I know I said I had 10 banks on this list, but I've asked. I've absolutely got two more for you, making it 11. Plus, I've got three more pro tips to maximize how much money you pull from each bank. But first, let me give you that bonus that I promised you in the intro. If you're a real estate investor or a small business owner with a 680 credit score or better, with no collections or bankruptcies in the last seven years, you can qualify for an extra $150,000 of personal funding at no-costcapital.com.

This capital comes at 0% interest, making it one of the fastest, easiest ways to access substantial credit lines. It's quick, hassle-free, and like the name says, at no cost. So check it out to add a serious boost to your business's financial fuel tank, no-costcapital.com. Now, bank number 10, the GM business card. It's a great tool if you're looking to avoid hard inquiries. It offers sizable credit limits without impacting your credit score, and it's perfect for business owners wanting to protect their score while securing funds. funds. And bonus bank number 11, Marcus by Goldman Sachs. Their platform, it's another solid option.

They offer a pre-qualification with no impact on your credit, and their card provides 0% APR for the first 12 months. Plus, you can earn a $750 bonus after hitting a spending threshold, making it a valuable choice for startups. Now, before we wrap up, let's talk about three essential pro tips to maximize your funding. Number one, build relationships. Open a checking account. Make the deposits and keep it in good standing. Banks are more likely to lend to customers that they know. Number two, name matters. So avoid high-risk business names on your LLC that have anything to do with, say,

finance or consulting. Stick to something broad, generic, and simple. And number three, reconsideration lines. If you get denied by any of these, call the bank's reconsideration line because sometimes a human review can change a computer's decision, and it often does. And if you're wondering why or how this works, I mean, even if you are a brand new LLC with zero revenue, banks consider projected income when assessing your application. This means you can list expected earnings based on future growth, completely legal and just a part of how the game is played. So don't let a lack of capital hold you back.

Use these strategies to access up to $50,000 or more from multiple banks and leverage it to grow your business. Do it like the rich do. Make the banks work for you. I mean, if your wealth is important to you, doesn't it make more sense to do what the wealthy does versus what everyone else is doing? Stay smart. Stay ambitious.

I'll see you next time. Take care. And that wraps up the epic show. If you found this episode valuable, who else do you know that might too? There's a really good chance you know someone else who would. And when their name comes to mind, please share it with them and ask them to click the subscribe button

when they get here and I'll take great care of them. God loves you and so do I. peace, blessings, and success to you. I'm Matt Terrio. Living the dream. Yeah, yeah, we got the cash flow. You didn't know, home for us, we got the cash flow. This podcast is a part of the C-suite Radio Network.

For more top business podcasts, visit c-sweetradio.com.