New answers tagged credit
-2
In a roundabout way you are describing fraud. One intends to borrow money and not pay it back and use an LLC as a shield to avoid any negative repercussions from such a transaction. Yes, that is fraud.
Banks are generally smart about getting money from their customers and not losing it through a silly legal loophole. Lets say you do have a viable ...
6
Here is what you are missing:
If you have a new LLC with no credit history, no one is going to lend your LLC alone $50,000. If you have good credit, you might be able to convince a bank to lend you $50,000, but only if you personally are also responsible for the loan.
Banks are not stupid, and they won't let you get away with taking a loan that will ...
answered 2 days ago
Ben Miller - Remember Monica
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