[TheShitzuofMCA]

Hello,

Does anyone know of a funding company that works with Sole proprietorship's, using personal checking accounts, and also home based business?

Best Regards,

[J.Celifarco]

doesn't exist, you need a business bank account to fund

[ridextreme]

home based business, yes. Personal account, no. That would be a personal loan.

[MCNetwork]

As long as the business deposits are going into the personal account, a few lenders can fund them. Some sole props don't keep a separate business bank account.

[TheShitzuofMCA]

Thank you had a feeling

[mcaguru]

Funding a personal account would be a "consumer loan". not being licensed in that space and expect a 5AM door kicking ceremony at your home.

[TheShitzuofMCA]

No keep the Feds away! I feel like when you are all three Sole Prop., Home based, personal checking its the perfect storm. Not sure what default is but I assume it would be high, high risk at the very least. Thanks for the responses, this is truly an MCA community.

[Andy]

See if the merchant is willing to add their DBA to their account. It depends what bank they use, some banks will make them open a new account, but other banks will just add the DBA and convert it to business account. If you can get a letter from the bank confirming that, then most funders will accept and fund
if not, you have to have them open a business account, wait 3 months and reapply

[Zach]

I've seen merchants with personal statements with 5-6 positions in their account (celebrities). No DBA's or anything

[FCF Fund]

Hello,

Does anyone know of a funding company that works with Sole proprietorship's, using personal checking accounts, and also home based business?

Best Regards,

Looking to sell ****zu puppies out your house?? lol

DBA the account you should be fine, DBA shows intent on business purpose of the account which separates the consumer loan issue.

[ADiamond]

karrot.com

[TheShitzuofMCA]

Looking to sell ****zu puppies out your house?? lol

DBA the account you should be fine, DBA shows intent on business purpose of the account which separates the consumer loan issue.

Hey FCF if I fund those type of deals I am going to be eating the puppies soon bud. lol

[Christian]

I vaguely remember hearing that LoanMe will flip them to their personal product and fund them if they discover the business is being run on a personal checking. This may be incorrect because I drink a little sometimes.

[Worldwide Capital]

MCC funded my Home based deal. merchant sells stuff on ebay and has public storage.

[FUNd]

Cool story bro.

[funding pro]

Ignoring the regulation issue as a whole, it is risky to fund a personal account because the ability to reverse an ACH collection is significantly longer than for a business checking account. I believe you can try to overturn an ACH on a personal account a few months later whereas a business checking you only have a few weeks.

[CreditGuy]

Ignoring the regulation issue as a whole

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