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  1. #1

    Question Proof of Ownership stipulation for Sole Proprietorships

    What are your guys stance on this?

    Require or don't require for funding?

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Schedule C. Business bank account will have both name and DBA right on it.
    Last edited by Olderguy; 10-13-2021 at 10:18 PM.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
    Most companies will accept a Business License for a Sole Prop

  4. #4
    Senior Member Reputation points: 11927 FUND3R1's Avatar
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    Not a hard stip - even an EIN Document will do the job, same with a business license.
    FUND3R1

    "Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christopher Rice"

  5. #5
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
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    Many states or counties don't require business license.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

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