Simply put, no. We have banks that are flexible with poor credit as long as the other parts of your business check out. For instance, if you have poor credit but a beautiful looking website, decent financials and no negative complaints online, then the bank would be okay with supporting that account. Furthermore, you could always get a cosigner as a last resort.
On average, we can get you set up between 3-5 business days. This all depends on the business type, bank, and the processing volume requested. The faster you can turn in a complete file, the faster we can get the account underwritten.
No, we can take on new startups as well as businesses who have been around for years. You don’t need to have tons of money in a bank account as well. Let’s face it, most start-ups are bootstrapped and our banks understand that.
Regardless of the bank that will be supporting your business, they will need a copy of your ID and a voided check or bank letter. Website compliance and additional documentation may be asked for, but will vary on a case-to-case basis.