Case study · 02 · Med Spa
$222,000 across nine approvals, $80,000 of it in the first 48 hours
Brandy E. · Philadelphia, PA
- Accessed
- $222,000
- Detail
- 9 Approvals
- Location
- Philadelphia, PA
What the file
actually opened.
$187,000 of it came in at 0%. $35,000 did not. 0% is where the file starts, and the rest is what being bankable opened alongside it.
Approvals, limits and terms are decided by the institutions and depend on the file. Nothing here is a promised amount, rate or date.
The order we
ran it in.
Applications went out live on Zoom, in the order each institution wanted to see the profile. Nothing was submitted on a guess.
Amex Business Platinum0% ✓
Chase Unlimited0% ✓Amex Business Cash0% ✓Chase TravelAPPROVED ✓
Wells Fargo Signify0% ✓
US Bank 12 month0% ✓US Bank 18 month0% ✓How it read.
Brandy runs a med spa in Philadelphia. It is a real operation with real revenue, and it is also the kind of business that underwriters have opinions about, which makes the order of applications matter more, not less.
Nine approvals is not nine lucky applications. It is one prepared file put in front of nine desks, each in the order that desk wanted to see it, and none of them submitted on a guess.
$80,000 of it landed within the first 48 hours. That was not luck either. The institutions that move quickly on a profile like hers were placed at the front of the sequence for exactly that reason, and the slower, larger asks were held for after there was approved activity on the file.
$187,000 of the $222,000 came in at 0%. That is where the file starts. What the round also built is a business credit profile with nine reported relationships on it, which is the thing the next conversation is underwritten against.
Why this file
cleared.
- Nine approvals from six institutions, which means several desks were approached more than once and said yes again
- $187,000 of the $222,000 came in at 0%, the highest proportion of any file here
- The first $80,000 landed inside 48 hours because the banks that open fastest for this profile were placed first on purpose
- The two largest limits, $50,000 from American Express and $45,000 from Chase, came from issuers that reward an established file rather than a new one
Who actually
approved it.
Six separate institutions approved on this file. Approvals, limits and terms are theirs to decide, and they depend on the profile in front of them.
- American Express
- Chase
- PNC
- Wells Fargo
- U.S. Bank
- Truist
One file
is not a promise.
Nothing here was approved because of who the owner was.
Every figure on this page belongs to Brandy E. and to no one else. What carries across is the method: the file was read the way an underwriter reads it, the items that would have denied it were cleared first, and the applications went out in an order chosen for that profile. Whether your file can support the same thing is a question about your file, and it is the one the call answers.
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