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  1. There is nothing illegal about what the loan...

    There is nothing illegal about what the loan officer was doing. So long as you meet the lending criteria, they can offer the financing. First, there is nothing illegal about using the personal card...
  2. Not sure what happened above. Should have...

    Not sure what happened above. Should have finished:

    My advice, wait for the business loan, if it can be taken out in your company's name without a personal guarantee. This is by far the cleanest...
  3. It's perfectly fine to use personal cards for...

    It's perfectly fine to use personal cards for business transaction without disrupting the LLC structure, but you must recognize the personal card use in an appropriate manner. In this case, the...
  4. That seems like a reasonable approach so long as...

    That seems like a reasonable approach so long as you feel your business can generate the cash flow to pay it off in the 6 and 12 month periods or that you will be able to refinance into a different...
  5. When you're starting a business, your personal...

    When you're starting a business, your personal credit is often your only credit. Banks tend to lend to established profitable businesses or people that are willing to put a personal guarantee on the...
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