Are you looking for substantial funding to boost your business? Joining Bellco Credit Union in Colorado could be your key to accessing up to $100K in funding. Here’s how you can get started:
Why Bellco Credit Union?
Bellco Credit Union offers a range of financial products that can help you secure significant funding for your business. Here’s a breakdown of what they offer:
Personal Line of Credit: Up to $50K
Business Line of Credit: Up to $250K
Business Credit Card: Up to $250K
Personal Credit Cards: 0% interest on balance transfers for up to 12 months and 0% interest on purchases for up to 6 months, backed by Visa.
Savings Secured Loan: Great for building a relationship with Bellco.
Savings and Checking Accounts: Set up both personal and business accounts with direct deposit.
Membership Requirements
Anyone can join Bellco Credit Union by:
Contributing $10 and joining The Bellco Foundation at BellcoFoundation.org and or
Joining Consumers United Association at CUAMember.org
Preparing Your Credit Profile
To maximize your chances of securing high-limit funding, you should:
Have a minimum FICO score of 640 to 680.
Ensure there are no derogatory accounts on your credit report.
Maintain low credit utilization.
Building a Relationship with Bellco
Open Accounts: Start with personal savings and checking accounts. Deposit as much as you can to begin building a relationship and your internal banking score. If you have an established business, then open a savingss and checking for your business as well.
Utilize Financial Products: Consider their savings secured loan ("pledge loan") to build your credit relationship.
Direct Deposits: Set up direct deposits in both personal and business accounts if you have an established business.
Nurture Your Relationship with Bellco’s Business Banking Manager
Personal Interaction: Get to know the business banking relationship manager personally. Ask about their life (kids, married, hobbies, etc), bring gifts during holidays, and nurture the relationship beyond business.
Advocacy: A strong relationship can help get your credit applications physically in front of underwriters rather than being lumped into a pool of online applications.
Why Build This Relationship?
Following these steps can significantly improve your chances of qualifying for high-limit funding opportunities with Bellco Credit Union.
Need Help with Your Credit?
If you need assistance in improving your credit score, you can set up a free consultation with us. For those with a 680 credit score ready to apply for funding, click here to see if you qualify.
By following these strategies, you can position yourself as a Grade A customer with Bellco Credit Union, enhancing your chances of securing the funding your business needs to thrive. Start building your relationship with Bellco today and take the first step towards financial growth and stability!
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