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Updated about 5 years ago on . Most recent reply

Sam Kasa's profile image
Sam Kasa's profile image
Sam Kasa
  • from Shawnee Mission, Kansas
  • Member since Sep 15, 2015
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Sam Kasa's profile image
Sam Kasa's profile image
Sam Kasa
  • from Shawnee Mission, Kansas
  • Member since Sep 15, 2015
Connect
Sam Kasa
  • Shawnee Mission, KS
0
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11
Posts
Private Lending & Conventional Mortgage Advice

Commercial loan under LLC, do member's credit get dinged?

Sam Kasa
  • Shawnee Mission, KS
Posted

We just formed a LLC with 5 members with 100K each with intention of applying for 2M loan. There is a bank that seems to be willing based on personal guarantees - asking each member to fill out PFS. The loan is going to be in LLC's name. Anyone know if this loan will show up on each member's credit history as 2M liability each?

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