Everybody do the "Happy Boogie Dance" with me!
Hubby and I bit the bullet and went into our business account bank, JPMorgan Chase, last week and applied in person for a line of credit.
I've been cultivating this relationship since the day we incorporated the business 10 months ago so we sat down with our account manager and went through the paperwork.
I had every form of paper imaginable, including hubby's orignal divorce decree, etc.
We sat on pins and needles for a week now. And then today they called to say we have a $100,000 "priority line of credit"!!!
I'm so excited, I could just pee my britches!!
The last and final formality is that the account manager has to make a physical visit to our "offices" and she just called tosay she's headed there now. (We're literally out in the field).
For those of you who recall, I set up a "business identity" account where our mail goes and the phone gets answered and is listed as such in 411.
So I called that company's office manager and gave her a heads up as to what the deal is.
They said, "no problem"; they'll greet Chase in the reception area and make sure to tell them that we do indeed share offices there. (We don't yet, but I pay $200 for the biz identity.
So we're set. I can't tell you what this will mean to our business credit!
I'll try to answer any questions folks may have here, once I get through with my jitterbug dance!
Yippee (clicking heels in the air!!!)