Repaying HELOC when LLC owns property

[Chris Lane]

Trying to sort through logistics of buying property as a business, but repaying HELOC under my own name. The mortgage company had a requirement to repay via personal checking account. So, workflow at this point goes like this:

To buy: HELOC -> Business Checking (via check written to business) -> Cashier's check for purchase

To pay monthly interest: Receive money to Business Checking -> Write check to personal checking -> Bank picks up payment for HELOC

I can probably make a lump sum payment directly from Business Checking to pay off a loan, if I were flipping and used the proceeds to pay off HELOC in its entirety, but while rehabbing, I have the need to pay interest only, which is where the bank wants to pick up from checking (monthly).

I guess the question I'm asking is - am I going to get into issues of tax/accounting under this workflow? I'm concerned this will be seen as a distribution, or is there a way to document as what it really is - the business repaying the loan I gave it?

Thank you in advance for the knowledge.

[Chris Lane]

Quote from @Denver McClure:

Hey Chris, I suggest reaching out to @Jeff Nash to discuss. 

Hi Denver,

I absolutely plan to follow up. I haven't gone anywhere. I needed to get my ducks in a row first. This seemed like an easy question, as someone has probably been there before.  I look forward to working with the team at Nashional Tax Planning soon.