Personally Guaranteeing Loans
Greetings BP Network:
I am working with a lender who will refinance as I continue to BRRR throughout the year. The loans are in the name of my LLC; however, I will be a personal guarantor on each loan. Since my LLC does not currently have established credit and income, this appears to be my only means of securing refinancing. Obviously, I don't want to be on the hook for dozens of loans. How are people navigating this issue? How are you establishing a FICO score of sorts for your LLC? Thanks in advance!
Best regards,
MJ