First commercial RE loan

3 Replies

Trying to establish an initial relationship with banks so as to qualify for a commercial RE loan. Can my business partner transfer an X amount in my business checking account for me to “borrow” and eventually give back, without that X amount getting taxed? If so, is there a maximum amount that can be transferred? Thanks in advance!

@Chris Pa loans are not taxable. If someone or a bank loans you money that is not taxable income.

I believe the IRS requires a minimal interest amount on a loan. I am not sure what conditions make that a requirement. Right now I think it is something close to 1%. 

When you are applying for the loan you would be required to list the debt as well as the cash in the bank. It may not help you much.