I've know him personally for years, had the opportunity to consult with him on both sides of the business and have to say he's the real deal. 

- sounds like your friend's PMC pays this way.If W-2, why isn't your business properly insured to cover him?.

One of them I have used personally. 

In my voicemail, it states if they are interested, to "press 1 to speak with a live person" or "press 2 to be added to our do not call list".

And the fact that you have a contractor you know personally is name of the game! 

Many require that you keep funds separate from personal funds.

I don't know for sure what impact that will have on his personal credit report. 

If the state matters, I'm interested in Connecticut@Matt WanThe key to understanding being “in person” is that you can be “in person” anywhere there is a notary or other person who can certify your signature… typically.  

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

Also, would this loan help build my personal credit, or would it only report to business credit bureaus under my LLC?