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12-12-2014, 11:23 AM #1
if the account is a DBA account then it is very much fundable as a sole prop
if it's just a personal account, i've heard of some companies using their personal guaranty as an excuse to pull out of a personal account and they get away with it. Who? i'll leave that up to you to research.Anthony Diamond
Underwriter
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12-12-2014, 11:31 AM #2
- Join Date
- Sep 2014
- Posts
- 430
If it is a DBA account, by which I will assume you mean titled in someone's personal name with a DBA notation on the second title line, then it is a business account and not a personal account.
If DF does year end awards, I would like to nominate you for Most Consistently Reckless About Underwriting and Credit Risk.
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12-12-2014, 01:38 PM #3
- Join Date
- Jun 2014
- Posts
- 541
Agreed. This above described DBA account can be funded as a B2B transaction. If there is any question whether it's a personal or business account, get a bank letter-
Robert S Bloink
EVP of ISO Partnerships
Direct: 313-218-4663
Email: bb@cooperasset.com
Web: www.cooperasset.com
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12-15-2014, 07:26 AM #4
The original poster's explanation of whether or not it was a dba account was unclear, hence my post. What did I say that was reckless?
If DF does year end awards I nominate you most credible credit guy in the industry of credit giving - all hail credit guy - most troll-worthy user of DF to join us, another hopeful here from the IB/mortgage industries to school us all on how "it used to be" - if that's the case, you'll fit right inAnthony Diamond
Underwriter
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12-12-2014, 11:37 AM #5
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