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Updated about 2 years ago on . Most recent reply

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Private, Conventional & Commercial lending

Tracy Williamson
Posted

Why is it so hard to get funding strictly in your business name? Is it required to put down your information alone with your business information? I am starting to hear banks ask to run your personal credit alone with getting funding in your business name. 

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Jay Hurst
  • Lender
  • Dallas, TX
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Jay Hurst
  • Lender
  • Dallas, TX
Replied
Quote from @Tracy Williamson:

Why is it so hard to get funding strictly in your business name? Is it required to put down your information alone with your business information? I am starting to hear banks ask to run your personal credit alone with getting funding in your business name. 


 Because your business likely has no credit history nor assets.  What is a lender going to base a lending decision on?   

  • Jay Hurst
business profile image
Hurst Real Estate, INC
4.9 stars
76 Reviews

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