Business loans to fund downpayments on properties

[James Nosack]

My business partner and I have begun to seek out larger sums of capital to invest with. We have recently started looking at the possibility of (small) business loans to help fund our down-payments. We have been told this can technically work as long as the money is “seasoned” in our accounts. Is there a drawback to this?

A couple of the issues we have read about online is that a business loan will typically require operating experience of 1-3 years along with the ability to show a history of cashflow and means to cover payments.

Since we have only just started investing together, our LLC only owns one property and we have only a couple months of operating experience.

Are there alternative business loans that we may qualify for with less experience?

Am I able to bring my property that has cash-flowed for over a year now underneath our former LLC to help us with the operating experience and revenues we need to qualify?

Appreciate all feedback!

[Alex Hamilton]

A fast way to start business lines of credit for a start-up business is  through business credit cards.  The credit lines are started with your personal credit but, credit reporting is only to the business.   Thus, nothing is reflected on your personal credit report.  You can use cash advanced from these business lines in any manner you wish with no hits on your personal credit