What are some Business Loan Prerequisites

[Patrick Peterson]

Hi, I have a seasoned (over a year old) business and have been told a good way to get funding for starting my real-estate journey is through business loans. I do not know if my business can qualify for a loan because of these factors:

- it does not have monthly deposits or income coming in

- it does not have a business/bank account set up under it

- all it has is the letter of confirmation used for the verification process

- the EIN is created but that's all I did really

Where should I start to get my business (an LLC) in good standing to be pre-approved for a business loan? What steps should I take to confirm it is still valid? Is there any licenses, certs, or paperwork I need to fill out? Are their any taxes I need to pay for its creation?

Any info would help me focus my direction and lead me to the right steps. 

Thank you for your time, Patrick Peterson