In less than a year, I secured over $100,000 in 0% business funding from Chase Bank. But as a business banker, I have to admit:
I made a significant mistake that cost me access to potentially another $150,000 in better capital.
I missed the window on the Chase Bank Credit Modernization Program, an amazing opportunity that was rolled out and then scrapped within a year.
Here is the full breakdown of my funding timeline and the costly error:
- The Funding Win: How I stacked three Ink cards for over $100k at 0% interest with Chase.
- The Missed Program: The Credit Modernization Program qualified businesses up to $250,000 in funding (Line of Credit, Loan, or Cards) with little to no documentation.
- The Eligibility I Met: The program was for businesses 6 months to 1 year old that were actively banking with Chase, showing revenue, and had a FICO score of 660-680 and up.
- The Mistake: I prioritized the credit cards, letting the limited-time, more reusable Line of Credit opportunity slip away before the program was scrapped.
This video is a critical reminder to pay close attention to major banks! Their lending objectives change with economic cycles, and they roll out golden opportunities that disappear fast.
What's your relationship with Chase Bank like? Comment below!
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Chapters
0:00 - The $100,000 Chase Funding Win & The HUGE Mistake
0:44 - My Long History Rebuilding with Chase Bank
1:42 - The $100k Timeline: Stacking 0% Business Credit Cards
2:44 - Why Business Credit Cards Are Essential Working Capital
4:13 - The Secret Chase Credit Modernization Program (Nov 2023)
4:54 - $250,000 With NO DOCUMENTATION? (Program Criteria)
6:13 - Why Chasing 0% Cost Me a Reusable Line of Credit
7:06 - The Missed Window (Scrapped by Sept 2024)
7:21 - The Economic Warning: Why You Must Pay Attention to Your Bank
8:39 - Chase's Current 2-Year Full Documentation Standard
I made a significant mistake that cost me access to potentially another $150,000 in better capital.
I missed the window on the Chase Bank Credit Modernization Program, an amazing opportunity that was rolled out and then scrapped within a year.
Here is the full breakdown of my funding timeline and the costly error:
- The Funding Win: How I stacked three Ink cards for over $100k at 0% interest with Chase.
- The Missed Program: The Credit Modernization Program qualified businesses up to $250,000 in funding (Line of Credit, Loan, or Cards) with little to no documentation.
- The Eligibility I Met: The program was for businesses 6 months to 1 year old that were actively banking with Chase, showing revenue, and had a FICO score of 660-680 and up.
- The Mistake: I prioritized the credit cards, letting the limited-time, more reusable Line of Credit opportunity slip away before the program was scrapped.
This video is a critical reminder to pay close attention to major banks! Their lending objectives change with economic cycles, and they roll out golden opportunities that disappear fast.
What's your relationship with Chase Bank like? Comment below!
-----
Chapters
0:00 - The $100,000 Chase Funding Win & The HUGE Mistake
0:44 - My Long History Rebuilding with Chase Bank
1:42 - The $100k Timeline: Stacking 0% Business Credit Cards
2:44 - Why Business Credit Cards Are Essential Working Capital
4:13 - The Secret Chase Credit Modernization Program (Nov 2023)
4:54 - $250,000 With NO DOCUMENTATION? (Program Criteria)
6:13 - Why Chasing 0% Cost Me a Reusable Line of Credit
7:06 - The Missed Window (Scrapped by Sept 2024)
7:21 - The Economic Warning: Why You Must Pay Attention to Your Bank
8:39 - Chase's Current 2-Year Full Documentation Standard
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