[gcfandrew]

I have a client who has the following:
a 687 fico score
Sole prop business
7 years in business
average of $12,000 a month in deposits
*only problem is that the funds go into her personal checking account.
Who can Fund this?

[Yankeeman07]

Does he/she have their DBA listed on the account?
Do they EIN#?
Type of Business?

**Note - For people that are requesting assistance on deals, including your Name & Phone Number would be appreciated.

[FCG]

Thats usually how a sole prop is ran .. they can use their SSN as their EIN#

[CO1]

But that doesn't mean they can not get a business account-

[Yankeeman07]

Thats usually how a sole prop is ran .. they can use their SSN as their EIN#

You may want to update yourself on the IRS Regulations - my understanding is you may run as a Sole Prop - but you must use your name for the EIN#

BTW, did our mystery poster respond to anyone? Just curious

[BB_Cooper]

The problem with personal accounts is the NACHA chargeback rules that allow for 90 days of chargebacks, unlike a business account.

[FCG]

You may want to update yourself on the IRS Regulations - my understanding is you may run as a Sole Prop - but you must use your name for the EIN#

BTW, did our mystery poster respond to anyone? Just curious

nope.

[Jason Sterling]

Just funded a sole prop last week that uses personal bank account.