who will fund sole prop with personal bank account
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  1. #1
    Senior Member Reputation points: 2782
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    who will fund sole prop with personal bank account

    I have a real estate based business that is solid 10k+ per month but he is using a personal bank account...but he does have dba and ein will anybody do this?

  2. #2
    We Would.

    Lets get in touch.

    Avi Dahan
    Funding Coordinator/ ISO Development
    P:516-345-1227
    F:347-933-6074
    E:adahan@yellowstonecapllc.com

  3. #3
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    will do sole prop...
    Sign-up with Cresthill Capital and receive "Double Digit" commissions, that's RIGHT!! (new 2015 structure!). same on renewals!!


    we specialize is funding B/C/D paper/ construction/ Home based/ logistics/ trucking/insurance agencies/ NO auto sales . we also have a micro-funding-program (less invasive underwriting model) making aggressive offers from 2K and up (CA. minimum 5k).

    Fast underwriting with fewest stips commissions paid Tuesday and Thursday

    bizdev@cresthillcapital.com

  4. #4
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    read this thread, we've been through this before. and avi, i thought YS wont do a personal acct as per the thread in this link?

    http://dailyfunder.com/showthread.ph...rsonal+account

    AMERICApital1: PM me I know two places you can get it funded within 24 hours.
    Anthony Diamond
    Underwriter

  5. #5
    If has a Business DBA we would consider.

  6. #6
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by ADiamond View Post
    read this thread, we've been through this before. and avi, i thought YS wont do a personal acct as per the thread in this link?

    http://dailyfunder.com/showthread.ph...rsonal+account

    AMERICApital1: PM me I know two places you can get it funded within 24 hours.
    if you fund in a personal account, it can be interpreted as a personal loan. It aint happening.

  7. #7
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    A sole prop is a disregarded entity. The owner elects to be disregarded as separate from its business dealings. He can operate his business from a personal account, and even report it to the irs on his personal tax return.

    I'm not a lawyer and with that being said, if the IRS is ok with it then I'd love to see proof from a lender that they lost in court over this. I've seen "A" lenders pull from a personal acct enacting a personal guaranty and I know there are lenders that still do it.
    Anthony Diamond
    Underwriter

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