What are the best financing options for a sole proprietorship? I’m looking at an SBA loan but didn’t know if there were other options for me to consider.
What are the best financing options for a sole proprietorship? I’m looking at an SBA loan but didn’t know if there were other options for me to consider.
SBA lenders are agnostic on your entity structure, but nobody borrows under a sole prop. The answer is almost always an LLC. A single member LLC can roll up to your personal return under Schedule C while still affording some benefits of a separate legal entity.