Is there any way to get a larger line size?
Yes, if your financial statements are strong, please provide your most recent year’s
Profit and loss statement or the prior year’s business return.
Strong financial statements are statements which have good Gross Sales and
net income of $120,000 per year or higher. In addition, if the average balance or
average total deposits of your most recent 6 or 12 months business checking
account statements is higher than the average balance or average total deposits
for just the most recent 3 months, then provide 6 or 12 months.
The approval obtained may be higher by doing so.