How do I get a Loan!! LLC - Posted by Dee

Posted by Jimmy on February 15, 2005 at 17:54:14:

its easy. get a commercial loan. in other words, talk to a business banker, instead of a home loan person.

don’t be surprised when the lender ask you to personally guarantee the loan. until your LLC has a “life of its own,” you will be responsible for its debts. after a few years of profitable operations, the LLC may be able to borrow in its name, without your help.

good luck.

How do I get a Loan!! LLC - Posted by Dee

Posted by Dee on February 15, 2005 at 16:15:11:

I am just getting started and I have formed a LLC. How do I get a loan under my LLC? I don’t know where to start.

Re: How do I get a Loan!! LLC - Posted by chet

Posted by chet on February 16, 2005 at 01:14:37:

if you’re buying a 1-4 unit, find a lender that will lend to the LLC. I have ran into a couple.