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Updated almost 7 years ago on . Most recent reply

Thomas LeBarre's profile image
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Thomas LeBarre
  • Member since Oct 24, 2017
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Thomas LeBarre's profile image
Thomas LeBarre's profile image
Thomas LeBarre
  • Member since Oct 24, 2017
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Thomas LeBarre
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3
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Private Lending & Conventional Mortgage Advice

best way to apply for a business loan for a LLC

Thomas LeBarre
Posted

Greetings,

So myself and 3x other individuals plan to purchase 15x units together under a LLC. My question is should we each apply for personal loans using our individual 20% down payment for a small business loans then pool the money in the LLC and use it to buy the properties. Or create an LLC and use it to apply for the loan. Any links for the pros/cons or input would be greatly appreciated.

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