Updated about 5 years ago on . Most recent reply
Financing a lot development and purchase of lots - RV
I am plagued with how to finance the purchase of lots and development of RV pads, landscaping, etc. I was told the only way to finance this is through a local bank with a personal loan. It occurred to me that maybe I should set up a bank account in my business name to build credit. Are there any creative financing strategies for this that I could use? Drawbacks of using my business account to build the credit? I just want to make sure I think of every aspect. I am sitting down with my local bank early next week to discuss the options. Because the deal in the works, I am purposely being vague on the specific details. Thanks in advance for any advice!