After the funding sequence is complete and if the client decides to do another round of funding on a different LLC they are able to. Generally, it may take around 30 days for all the inquiries to be removed.
Keep in mind some key points
-If they want to try for another round of funding after the first round they CANNOT go and put large balances on the business credit cards.
-Banks can use a Chexsystem using the social security of a person to see if they have other business credit cards on a different LLC
-If they receive high approvals from banks like Chase, they will do a Chexsystem and this allows them to see if they have other business cards on a different LLC and their results may be lesser because of to much available credit or to high of a balance if the client does not listen to us about spending.
After a funding sequence, if we send the client through an inquiry sweep, would they be able to go through the same sequence under a different LLC once those inquiries are removed? - CY
Written by Corey
Last updated October 12, 2023