Case study · 06 · Healthcare
$184,000, after two funding companies said no
Dr. Truong · Florida
- Accessed
- $184,000
- Firms that could not place it first
- Two
- Location
- Florida
What the file
actually opened.
$104,000 of it came in at 0%. $80,000 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.
US Bank Platinum0% ✓
BofA x20% ✓
Amex BLOCAPPROVED ✓
Chase Ink0% ✓How it read.
Two funding companies had already worked this file. Neither could get it approved. That is the fact worth sitting with, because nothing about the practice changed between their attempt and the approvals that followed.
A healthcare practice in Florida with real revenue reads as a straightforward file right up until somebody tries to submit it. What stops it is rarely the revenue. It is the set of items an underwriter checks before revenue is ever discussed, and on this file those had never been cleared.
They were cleared first. Then the applications went out in an order chosen for this profile rather than run off a script: six products, six institutions, $184,000.
$104,000 of it came in at 0%. The remaining $80,000 is the part that matters longest: a $60,000 line of credit at Bluevine and $20,000 at American Express, neither of which expires when a promotional period does.
Why this file
cleared.
- Two funding companies had already worked this file and could not place it. Nothing about the business changed before it was approved here
- The $80,000 that did not come in at 0% is two lines of credit, $60,000 at Bluevine and $20,000 at American Express, and both stay open after any intro period ends
- Six products from six separate institutions, so no single desk was asked to carry the file
- The largest approval was the Bluevine line, and it was approached once the card round had put reported activity on the profile
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.
- Bluevine
- U.S. Bank
- Bank of America
- Goldman Sachs
- American Express
- Chase
One file
is not a promise.
Nothing here was approved because of who the owner was.
Every figure on this page belongs to Dr. Truong 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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