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HomeForumsPersonal FinanceBusiness Loan under EIN as Capital

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6
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Alfonzo Roberts
  • New to Real Estate
  • Palmyra, NJ
6
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12
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Personal Finance

Business Loan under EIN as Capital

Alfonzo Roberts
  • New to Real Estate
  • Palmyra, NJ
Posted Sep 11 2023, 10:38

Are there Bank/Credit Unions that would approve a $250k business loan as capital for a real estate company with no real estate? There is one revolving line of credit under the EIN. I was considering taking $8k from HELOC on primary residence. Pay off personal credit debt to increase personal credit score and apply for business loan for capital/first unit. Is that possible?

Jersey City, New Jersey
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