Business loans and lines of credit

[Brandon Green]

Hello all,

I have come across a situation that hopefully you may be able to help. I am in the process of closing on a property but unfortunately my personal credit was hit and now in order for the closing to happen I would have to have a co-signer on the loan and line of credit. 

Thankfully, I was able to find a co-signer that was approved for the line of credit but then I was faced with another issue. Since I have a entity, in order for the the co-signer to eligible for the loan I will have to add them to my entity. I am super excited to lose on the property but i am worried how this will effect the co-signer and my entity. Also, how should I go about adding the co-signer to my entity, is it a particular percent that they have to own in order to be approved? Will I be able to elimante the co-signer off my entity once i refinance the loan since my credit will back up to the recommendations?

Please help!!! My closing is the 28th!