Loaning Funds to Your Own Business
Hi my BP Family!
I've been wondering how I can go about loaning funds to my own company as an "investor" although I'm also the owner. Essentially, as an individual I go get a personal loan. I loan the money out to my business so that it can acquire properties. The business pays me "the individual" back so I can pay the bank back.
Has anyone ever done something similar?
PS - My new company is just a few months old therefore it won't qualify for a business loan, hence why I thought of me getting a loan under my name.
Thanks for the help!
- Alvin