Case study · 07 · Business Owner
$235,000 across six products, one line of credit at $120,000
Robbie
- Accessed
- $235,000
- Of it, one line of credit
- $120,000
- Products
- Six
What the file
actually opened.
$115,000 of it came in at 0%. $120,000 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% ✓
BofA Unlimited0% ✓How it read.
Six products across six institutions, and the largest of them is not a card. A $120,000 line of credit from TD Bank is more than half of the $235,000 on this file, and it is revolving credit with no promotional period attached to it.
$115,000 came in at 0% across five issuers: GM, Elan, American Express, Bank of America and Navy Federal. Five separate desks, five separate reported relationships, rather than one issuer carrying the whole round.
The approvals arrived in the order they were sequenced in, which is not the order they were applied for. Robbie described it as it happened: Bank of America first, then Amex, then Navy Federal, with GM coming through last.
Why this file
cleared.
- The single $120,000 TD Bank line is more than half the total, and it is revolving rather than promotional
- Five 0% approvals came from five different issuers, which spreads the reporting instead of concentrating it
- Navy Federal and Elan are desks most files never reach, and both approved on the same prepared 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.
- TD Bank
- Goldman Sachs
- Elan
- American Express
- Bank of America
- Navy Federal
One file
is not a promise.
Nothing here was approved because of who the owner was.
Every figure on this page belongs to Robbie 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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