Which Unsecured Credit Cards check either TransUnion or Equifax in their application process?

Hi! A lot of my customers in the construction industry run into the same problem. The dollar amounts, any legal considerations, and other factors, should all be considered, and I'm sure will make a difference in how applicable these suggestions are to you. I would look into, or test, the following: 1. Changing your receivables process may rely on key Sales Process improvements. I'm happy to talk it through with you, and help you find the right solution. 2. You said it, but the first/best option is to make your customer the bank. Have them pay in draws/milestones/stages (whatever lingo their comfortable with) to cover your costs, and ideally pay you, as you go. 3. Offer a discount for paying the job up front and in-full. 4. I understand the bank offered a very small line of credit, but I imagine you'd do a bit better with a credit card. Estimate the monthly debt servicing cost per job, and charge your customer accordingly. This gives you the option to offer a discount if paid in full and upfront, without affecting your actual price or profit. ONLY exercise this option if you are disciplined enough to use the credit extended to you as intended and responsibly. 5. If you have a way of securing the short term debt, or maybe even if you can’t secure it, see if anyone you know who has some cash would be willing to buy options on your jobs’ profits or keep a running secured line of credit with you. If you don’t have anything with which you can secure a line of credit, see if working with an investor with small amounts at first, will lead to a trust and understanding of your business, that could lead to bigger amounts. Examples- You win a job paying $100K, but it will cost you $50K before you collect the payment in full 30-60 days after winning the job. a) You own a work truck worth $130K - use it as collateral to borrow $50k from an investor at a reasonable rate, for 30-60 days at time, to cover your costs until you can collect the full amount rom your customers. b) Sell an Option on X% of the profits. In this example, the investor buys the option for $50K, and you guarantee, let’s call it 3% of the profit, plus their initial investment. When you get paid the full $100k, they get $1,500 plus their $50K original investment back. If you make more, they get a little more. If you make less, they get a little less. I'm happy to jump on a call to talk through more solutions that fit you best or to follow up. I’m not a legal or tax professional or expert. Do your own research and consult with someone who is a professional before using any of the ideas above.

Setup your business as a pass through. You run the transactions + charge a fee. Likely, for the businesses you mention, they'd be happy to pay a premium fee... as you will be the only payment processor to accept their transactions.

Emphasize the lack of transparency regarding the deposit reduction. If they initially agreed to a lower deposit and then reversed their decision, it's reasonable to dispute the charge. Highlight the absence of a clear refund policy and how it was communicated to you. If they assured you of a refund in case of non-qualification and you didn't provide confidential documents due to privacy concerns, you have grounds for a full refund. Document the communication regarding the application deletion before the stated deadline. If they prematurely terminated your application without giving you the agreed-upon time to consider, it supports your case for a refund. Express your dissatisfaction with their customer service and compare it to your experiences with other agencies. You have the right to choose which services to engage with, and poor service can justify seeking a refund. Privacy and security concerns are valid reasons to withhold confidential information. Emphasize that you were unwilling to compromise your personal information, and this should not disqualify you from a refund. Compile all relevant email communications as evidence for your credit card dispute. Clearly outline your points, focusing on their breach of agreement, lack of transparency, premature application deletion, poor customer service, and your legitimate privacy concerns.

I have implemented a number of different solutions for similar models and found that Stripe is best (http://www.stripe.com)

Answers vary based on... Time/Budget/Will/Expertise you possess. Projects with $0 budget verses $10M budget have very different answers. Also, Time comes into effect, as money always has a time value. Say you have $1M LOC to draw on + you'd like the shortest path to a selling your company for $10M+, then this will also be a very different answer. Start with your Exit Strategy + time target of your Exit. Then work backward, designing offerings you create.