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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
    Member Reputation points: 1353 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    63

    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
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ SBA EIDL 1st and 2nd draw.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

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

  4. #4
    Senior Member Reputation points: 11128 FUND3R1's Avatar
    Join Date
    Aug 2017
    Posts
    183

    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
    Member Reputation points: 1353 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    63

    Many states or counties don't require business license.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ SBA EIDL 1st and 2nd draw.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

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