Thank you for filling out our survey! I read each one and am always looking to improve your experience and help you hit your goals.

Below is the link to watch the training as promised:
https://vimeo.com/user75331892/review/1051303557/823f05e631
Here is a summary of the training you’re getting:
Ask Joe Call
Key Topics Covered:
- Elan Financial Business Credit Cards:
- Elan Financial underwrites business credit cards for many banks, which means multiple cards from Elan have stricter limits compared to banks that underwrite their own cards.
- Pros of PNC’s Business Credit Card:
- 0% APR for the first 13 billing cycles on both purchases and balance transfers (rare feature).
- Recommendation: Open a business checking account with the bank first for better approval chances.
- Portfolio Banks vs. Elan Banks:
- Portfolio Banks / “Backyard Banks” (e.g., PNC, Key Bank, Valley National Bank, M&T Bank):
- Underwrite their own credit cards.
- Allow applicants to secure multiple cards without the restrictions of Elan.
- Ideal for building a business credit portfolio.
- Elan Banks:
- While useful, these cards have limits on how many can be secured in a short timeframe.
- Be mindful of “underwriter overwhelm” if applying for multiple cards through the same underwriter in a short time.
- Portfolio Banks / “Backyard Banks” (e.g., PNC, Key Bank, Valley National Bank, M&T Bank):
- Exploring Local and Backyard Banks:
- State-specific banking resources, such as the Department of Banking websites, provide lists of local banks, many of which are not included in SBA lender lists.
- These smaller, lesser-known banks often offer personalized lending options and business credit products.
- Users can leverage tools like AI to identify state-specific banking resources.
- The Importance of Good Debt:
- Business credit should be used for good debt, such as investments in advertising, real estate, or other income-generating assets.
- Properly leveraging credit can help scale businesses without giving up equity.
- A clear distinction was made between “good debt” (e.g., investments generating cash flow) and “bad debt” (e.g., consumer spending).
- Questions and Updates:
- Addressed concerns about email deliverability for call reminders. Users were encouraged to check their spam or promotions folders and mark the emails as important.
- Reminders:
- Access previous calls and resources by logging into the BCW blog and navigating to the “Ask Joe” area.
- Submit questions for future calls in advance via the same portal.
Key Takeaways:
- Focus on Backyard Banks to maximize your ability to secure multiple business credit cards.
- Explore local and backyard banks for hidden funding opportunities beyond mainstream options.
- Use business credit responsibly to grow your business with assets that generate income.
- Stay engaged with the BCW program for updates, resources, and ongoing education.
Resources Mentioned:
- BCW Blog: BusinessCreditWorkshop.me
- State Department of Banking databases for local bank exploration.
Next Steps: Submit questions for the next call via the BCW portal and explore the provided resources to identify more funding opportunities tailored to your state and business needs.