Financing for Company-owned 5th Wheel?
Hi folks, Two dealerships I am working with are running into roadblocks with my financing. I need my corporation to own the 5th wheel for tax purposes, but the lenders that the dealerships use only ...
Forum Discussion
mich800 wrote:tama2112 wrote:
Hi folks,
Two dealerships I am working with are running into roadblocks with my financing. I need my corporation to own the 5th wheel for tax purposes, but the lenders that the dealerships use only offer loans to individuals.
Any ideas? I do not want to lease the 5th wheel to my company, it needs to own it.
Thanks!
Unless your business has a significant credit history you will most likely also need to be on the loan as the guarantor or primary. It can still be registered/titled in the company's name and loan paid with company funds but the bank is really relying on your credit.
Absolutely. I'm prepared to do that. But thI lenders just don't want to do a company period.. weird...
