Lending/borrowing

[Edward C.]

Hi this is Ted from CT.

Ito borrow from the bank is it common for the bank to approve you on condition that you can show that your holding some cash in your account? If so then can I borrow the cash and give it back after I get the loan?

How should this be set up if I were to borrow the $ from someone, ie set up a serrate LLC, joint venture, or is there another way that they were able to insure that I was in fact using the money just to hold and not spending it?

Thank you in advance for any ideas that you can share.