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Updated over 5 years ago,
LLC lending Approval
Hello,
I am starting out my LLC with the end goal of eventually owning multiple properties under it. Does anyone have experience with lending with your LLC. How much credibility do I need in order for a bank to approve a loan under the LLC. For example, If I own a 100k property, will a bank then allow me to take out loans upwards of 100k? This might also depend on how much profit my property generates, but looking to get advice from people who have done this before. My end goal is to borrow a larger sum of money for commercial Realestate under the LLC.
Any advice would be greatly appreciated!