Home Depot Business Credit Approval
A couple months ago, home depot actually stopped taking applications online and they also wanted a PG for all business credit applications. It seems that little by little, but surely business credit is loosening up. I applied for a home depot account a few days ago, after chatting to a client and discovering that he was approved with no PG. The company that I used was 3 years old, had 6 tradelines with a elevated of $5000. I “now owed” like $100. I did not get an immediate approval. I got code 25 and a reference number.
When calling in they accepted me for $4000 over the phone. I asked if there is any possibility of an instantaneous credit line credit, and the rep politely said no. She also mentioned that I can apply for a CLI in 6 months. At the moment, this is the best time to initiate on your business credit building journey. Getting a shelf corp will help loads, but starting from scratch cannot hurt.
Marc





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