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Updated over 4 years ago on . Most recent reply

User Stats

506
Posts
224
Votes
Bernadeau C.
  • Rental Property Investor
  • Orlando, FL
224
Votes |
506
Posts

getting a loan as an LLC entity

Bernadeau C.
  • Rental Property Investor
  • Orlando, FL
Posted

Hey all, I need some creative ideas as it pertains to obtaining a loan as an LLC.

I currently started an LLC and I am looking to obtain a loan for financing deals. None of the members in the LLC would like to put their individual credit on the line to obtain a loan as to not affect their personal credit.

My question is how does the LLC get a loan without affecting any of the members of the LLC? I know the whole It takes two years or so to build the LLC credit and after that the LLC should be able to obtain a loan as an entity. my question is geared towards before we hit that two years of building credit. What are some creative options to achieve that goal sooner?

Thanks,

  • Bernadeau C.
  • Most Popular Reply

    User Stats

    23
    Posts
    38
    Votes
    Jaymie S.
    • Investor
    • Peoria, IL
    38
    Votes |
    23
    Posts
    Jaymie S.
    • Investor
    • Peoria, IL
    Replied

    I have 5 mortgages in an LLC in which I am the personal guarantor. None of these accounts show on my personal credit. They have had zero effect on my personal credit score.

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