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Updated over 11 years ago,
Financing as a Partnership
Hello everyone. Some years back me and six other of my closes friend began contributing money into a bank account. We have enough to cover a 20% down payment but that's all. We recently structured our group as a business. My question to y'all is: with 3 of our members their willing to act on behalf of the business and apply for personal loans & mortgages if one is approved how can we take that loan or mortgage and use it under the business? Is this possible?
Open to ideas.
Thanks.