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Updated over 6 years ago,
Financial Restructuring/Personal Loans Used for Startup Capitol
Hello investors! I am fairly new to the real estate investing world. I currently use my business to do fix and flips of properties. I obtained several unsecured personal loans in which I used entirely for my "startup" working capital. I have successfully fix and flipped several of properties. I am interested to find out how do I transition all my personal loans to my business credit? I have tried to apply for several business loans and lines of credit with no avail. I find a lot of my requests are denied because my business's main source of income is from fix or flips which is considered high risk? I need to refinance my primary home in about 4 months which is the main reason I am trying to restructure these loans and transfer them to my business credit s. Any suggestions from investors that took this route for their business startup?