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.

  • ofcourseIwantpickles@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    10 months ago

    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.