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Updated over 5 years ago on . Most recent reply
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Multiple applications at the same bank?
So I just opened 2 brand new separate LLC's recently.
Company A, and Company B
I applied at WF for a business line of credit for Company A, and was approved for $25K(based on personal credit score/income)
I went to a different bank(AFCU) for Company B(credit union) and they said that the most I could get for a new business in $10K(their policy on new businesses...I didn't apply yet)
The question is......Can/Should I go back to WF and apply for a different line for Company B and potentially get $25K for Company B as well?
They will both be a hard inquiry on my Personal account..........but will they say something like....."We seen that you just applied for a line for Company A, so we can't give you as much now"..............Or will they both be based on their own merits. help.
thx