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Updated about 6 years ago, 10/03/2018

Karen Warren's profile image
Karen Warren's profile image
Karen Warren
  • from Winston Salem, NC
  • Member since Mar 14, 2018
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User Stats

21
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2
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Karen Warren's profile image
Karen Warren's profile image
Karen Warren
  • from Winston Salem, NC
  • Member since Mar 14, 2018
Connect
Karen Warren
  • Winston Salem, NC
2
Votes |
21
Posts
Starting Out

Do I need an LLC to get a hard money loan? Do I need an EIN?

Karen Warren
  • Winston Salem, NC
Posted

I've talked with several hard money lenders and they are all telling me they won't loan to individuals, only LLC's.

So, I just got my LLC. Do I need an EIN number for my business now? How about a business bank account and credit card. Is this just a way of separating my personal assets from my business entity assets?

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