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Updated about 6 years ago on . Most recent reply

Joshua Scott's profile image
Joshua Scott's profile image
Joshua Scott
  • Member since Sep 10, 2019

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23
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4
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Joshua Scott's profile image
Joshua Scott's profile image
Joshua Scott
  • Member since Sep 10, 2019
Joshua Scott
4
Votes |
23
Posts
Private Lending & Conventional Mortgage Advice

Personal loan for Business

Joshua Scott
Posted

Question: Since a business is new and doesn't have any time in maturity, the single member LLC got a personal loan. Could they deposit straight from loan to business account? Also, if all of it goes to a business account, can the LLC claim the interest payment as an expense? Thanks

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