How to get a business loan with an LLC

There are several types of LLC loans to choose from. Before applying, consider the credit score guidelines and weigh the benefits and drawbacks of each option to determine which is best for your company.Limited liability companies offer legal protections from being held personally liable if your business defaults on a loan, but most lenders require all majority owners to sign personal guarantees.Traditional lenders like banks and credit unions generally prefer borrowers with good or excellent credit — typic ...