Applying for business credit

[Jason A.]

Hi Folks,

I am getting all my ducks lined up for starting my first flip. I have about 30k saved for my first project and I plan to utilize a hard money lender for purchasing the home. I don't feel 30k may potentially be enough for me to cover all the rehab costs, so I am exploring ways to utilize business credit. 

My personal credit score is 820 and I have two EIN's established. My first EIN is a few years old but was never used for business credit, and the second was just opened a few days ago. I also have a few personal credit cards with 25k, 15k and 18k limits. My question is: What are my best options at getting a higher line of business credit? I've seen stories online of people complaining how they were approved for very little line of credit. Is there some secret formula the banks use to establish their business credit limits? Any input would be greatly appreciated 😁🙏