Loan options for vacation rental rehab

[Parthenia Holly]

Hello,

Thank you in advance for any advice. I have a vacation rental that is paid for, and has been fully renovated worth approximately $100,000. I have transferred the property to the business name. I recently purchased a second vacation rental with cash but I need a loan to complete approximately $80,000 in rehab.

My accountant suggested I do this with all business transactions. I have never acquired a business loan for anything. Can someone please advice what type of loan I should go for, and where I should look for such a loan. I currently am at Chase bank and I am a private client, which is supposed to offer special services for business loan...???

Should I use the first rental property as collateral. Is it possible to get a HELoC for an investment property? Thank you all so much!!