Please Help! looking for recommended lender for starting out!

[Jason Kenyon]

Hello Biggerpockets family!, we started our LLC 3 months ago and have little income from 2 JVs, but really hoping to get properties under our own title, do cosmetic improvements resell and be able to grow. We were thinking of only 15k to 20k. It seems getting a business loan from the bank where I have the bank account for the business in is not likely since it is new with little profit they say. I'm trying to figure out if anyone could help with any recommendations OR if they have been in this situation and what lender you got a small loan with. Im not sure whether I should go with a personal loan and what lender such as upgrade etc. or if a business loan? I have excellent credit, and At this point we are looking for something sooner than later, I have been asking around other wholesalers, but no one knows anything or is able to help. I thought i would try here as the last hope.  I greatly appreciate any suggestions and direction.

Thank you very much and God bless!

[River Sava]

Hi Jackson-

Have you looked into DSCR loans? This type of loan is a non-traditional loan and it looks at your FICO score as well as your property cash flow and can be done through an LLC. It does not require tax returns, or verification of income, and does not consider DTI. Would love to discuss this further and hear about the loan amount to guide you in the right direction!