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Updated over 4 years ago on . Most recent reply

User Stats

32
Posts
9
Votes
Becky Haag
  • Bethel, PA
9
Votes |
32
Posts

Can you transfer conventional loan funds into an S Corp business?

Becky Haag
  • Bethel, PA
Posted

We have an S Corp and want to get a conventional loan to buy a property to use as a short term rental. After you get the conventional loan can you transfer the funds into your business or is that not allowed? Is it better to get a business loan? Need advice….thank you!!

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