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How Mike secured $405,000 to invest in ecommerce
Mike was struggling to secure funding to scale his ecommerce business. He had received multiple low limit approvals for 0% business credit cards. He wasn’t sure why he was getting denied, he had a credit score of 811 and had received high limit personal credit cards before.
Mike was struggling to secure funding to scale his ecommerce business. He had received multiple low limit approvals for 0% business credit cards. He wasn’t sure why he was getting denied, he had a credit score of 811 and had received high limit personal credit cards before.
Mike had a good credit score of 811 but what he didn’t know is the banks look at more than just your score when making the lending decision. We taught Mike what the bank looks at in your credit report and what they require in order to not only be approved but approved for a high limit 0% business credit card. With his personal credit optimized, we then guided Mike step-by-step through the application process at the same banks he had previously been given low limits with. We taught Mike what banks to go to, what to apply for, how to build relationships with the banks, who to apply with, and how to fill out the application.
Mike secured $405,000 in 0% interest business funding, all without affecting his personal credit file. Mike invested a large portion of the $405,000 into his ecommerce store and the rest to pay off his high-interest loan he was using to finance his store before he started working with Klauser Capital. Beyond the funding, Mike gained a new skill. He now knows exactly how to approach banks and replicate this process whenever he needs funding. With over 10 more banks that offer 0% interest business credit cards still available in his state, Mike is equipped to continue growing his business or any other future ventures.
