{"id":11739,"date":"2020-03-03T16:55:03","date_gmt":"2020-03-03T14:55:03","guid":{"rendered":"https:\/\/www.become.co\/blog\/?p=11739"},"modified":"2021-08-16T13:22:48","modified_gmt":"2021-08-16T10:22:48","slug":"llc-business-loans","status":"publish","type":"post","link":"https:\/\/www.become.co\/blog\/llc-business-loans\/","title":{"rendered":"LLC Business Loans: 6 Ways to Finance a Limited Liability Company"},"content":{"rendered":"\n\n<p><span style=\"font-weight: 400;\">When applying for business financing in the past, you may have unfortunately felt like the \u2018least likely candidate\u2019 &#8211; but that\u2019s <\/span><span style=\"font-weight: 400;\">not what LLC stands for!<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">And while you\u2019re a \u2018lucky little creature\u2019 for finding this article, that\u2019s <em>also<\/em> not what LLC stands for (sorry to disappoint).<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Getting curious? We&#8217;ll cut right to the chase.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Scroll down for a refresher course on what LLC business loans are, how to set one up, and &#8211; most importantly &#8211; the top LLC financing solutions out there for you.<\/span><\/p>\n\n<h2><span style=\"font-weight: 400;\">What is a Limited Liability Company (LLC)?<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">A limited liability company (or LLC for short) is a way of structuring a business that maintains the tax structure of <\/span><i><span style=\"font-weight: 400;\">sole proprietorships<\/span><\/i><span style=\"font-weight: 400;\"> and <\/span><i><span style=\"font-weight: 400;\">general partnerships<\/span><\/i><span style=\"font-weight: 400;\">, but adds the aspect of limited liability which is characteristic of <\/span><i><span style=\"font-weight: 400;\">corporations<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">What does that really mean? Basically, the owners of an LLC are only obligated to pay taxes as individuals as opposed to paying taxes on profits <\/span><i><span style=\"font-weight: 400;\">and<\/span><\/i><span style=\"font-weight: 400;\"> on individual returns the way corporate owners are required to do. It also means that if an LLC is sued, the owner is not held liable. Similarly to a corporation, an LLC will be answerable to any charges and will face the consequences of any legal action &#8211; not the owners of the LLC.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">But the grass isn\u2019t entirely greener on the LLC side. It\u2019s important to consider all factors before deciding to <\/span><a href=\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">form an LLC<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n\n<p><b>Here\u2019s a short summary of the pros and cons of a limited liability company:<\/b><\/p>\n\n<p><span style=\"text-decoration: underline;\"><b>Pros<\/b><\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Less paperwork to fill than corporations<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">More flexible tax options to pick from than other business structures<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Accessibility to certain tax writeoffs<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Limited liability that protects the business owners from legal repercussions the company might face<\/span><\/li>\n<\/ul>\n\n<p><span style=\"text-decoration: underline;\"><b>Cons<\/b><\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Leadership roles are less clear, which can cause confusion for partners and investors<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Risk of dissolution if one of the partners leaves the company or deceases<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Self-employment taxes are mandatory, which can result in higher taxes than corporations<\/span><\/li>\n<\/ul>\n\n<p><span style=\"font-weight: 400;\">Still interested in forming an LLC now that you have some basic understanding of the ups and downs? Good! Keep reading to find out how to set up an LLC.<\/span><\/p>\n\n<h2><span style=\"font-weight: 400;\">How to set up LLC business loans<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">The steps to setting up llc business loans will differ depending on the state you\u2019re in. That said, below we\u2019ve provided a quick summary of the basic requirements which will help you get prepared.<\/span><\/p>\n\n<p><b>Step-by-step guide of how to set up an LLC:<\/b><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><b>Pick a name for your LLC business loans<\/b><\/li>\n<li style=\"font-weight: 400;\"><b>Hire a registered agent.<\/b><span style=\"font-weight: 400;\"> This is a third-party individual whose role is to receive legal documents on behalf of the LLC.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Draw up an LLC Operating Agreement.<\/b><span style=\"font-weight: 400;\"> This is a document that defines how the LLC will run, and what will happen if the business fails, if a partner dies, etc.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Fill out forms.<\/b><span style=\"font-weight: 400;\"> Those forms will vary state to state, but they\u2019ll usually ask for basic information about the members of the LLC, their assets, their debts, and so on.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Pay a filing fee.<\/b><span style=\"font-weight: 400;\"> Typically this runs only a few hundred dollars, but there may be an annual fee or tax to maintain the LLC registration (depending on the state).<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Get certified.<\/b><span style=\"font-weight: 400;\"> Once you\u2019ve done that, you can continue with the other essential steps to set up an LLC. That includes opening a business bank account, getting a business license, and so on.<\/span><\/li>\n<\/ol>\n\n<p><span style=\"font-weight: 400;\">This is a very brief summarization of what it takes to get an LLC up-and-running, but as you can see, it can be costly just to get off the ground. If the expenses involved in starting an LLC are of concern for you, you\u2019re not alone.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Consider boosting your cash flow with <\/span><a href=\"http:\/\/www.become.co\/business-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">business loans<\/span><\/a><span style=\"font-weight: 400;\"> for an LLC &#8211; that way you can breeze through the process of establishing an LLC without worrying about covering the costs.<\/span><\/p>\n\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-11746\" src=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2020\/03\/GettyImages-681740748-min-scaled.jpg\" alt=\"business loan for an LLC\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2020\/03\/GettyImages-681740748-min-scaled.jpg 1024w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2020\/03\/GettyImages-681740748-min-300x200.jpg 300w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2020\/03\/GettyImages-681740748-min-1200x801.jpg 1200w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2020\/03\/GettyImages-681740748-min-768x513.jpg 768w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2020\/03\/GettyImages-681740748-min-1536x1025.jpg 1536w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2020\/03\/GettyImages-681740748-min-2048x1367.jpg 2048w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2020\/03\/GettyImages-681740748-min-405x270.jpg 405w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n\n<h2><span style=\"font-weight: 400;\">Why do LLCs need business financing?<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">Besides the funds you\u2019ll need to get your LLC set up, there will also be numerous expenses involved in maintaining and, of course, <\/span><a href=\"https:\/\/www.become.co\/blog\/scaling-your-business\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">scaling up your business<\/span><\/a><span style=\"font-weight: 400;\">. Needless to say, the costs of running a business vary depending on the age of your business, the industry you\u2019re in, where you\u2019re located, and so on.<\/span><\/p>\n\n<p><b>The ongoing costs of operating an LLC include:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Paying for insurance<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.become.co\/blog\/hiring-talent-for-your-small-business\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Hiring new talent<\/span><\/a><span style=\"font-weight: 400;\"> (read more about the <\/span><a href=\"https:\/\/www.become.co\/blog\/us-labor-shortage\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">US labor shortage<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Revamping the workplace<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.become.co\/blog\/5-tactics-for-business-seasonal-survival\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Surviving slow seasons<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Marketing your business<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.become.co\/blog\/small-business-branding-strategies-examples\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Re-branding your business<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Replacing or repairing equipment<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.become.co\/blog\/small-business-cyber-security-plan\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Building a cybersecurity plan<\/span><\/a><\/li>\n<\/ul>\n\n<p><span style=\"font-weight: 400;\">The list goes on and on.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">When it comes to the number and types of expenses your LLC will face, the only limit is your imagination (and ambition). If you find yourself wanting to take your LLC to the next level, or needing to make a change in order to keep the business alive, then additional funding can be the answer to your prayers.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Not sure which kind of business financing solution is right for your LLC? Keep reading to learn more about the funding options at your disposal (and available through <\/span><a href=\"http:\/\/www.become.co\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Become<\/span><\/a><span style=\"font-weight: 400;\">\u2019s online business lending marketplace).<\/span><\/p>\n\n<h2><span style=\"font-weight: 400;\">6 Types of LLC Business Loans<\/span><\/h2>\n\n<h3><span style=\"font-weight: 400;\">1. LLC Bank Loan<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Obtaining LLC business loans through your bank is often the first thought that comes to mind. And there\u2019s a good reason. Banks can provide low interest rates and offer you face-to-face communication, among other things.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">But there\u2019s also a good reason why there are <\/span><a href=\"https:\/\/www.become.co\/blog\/alternative-business-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">alternative business loans<\/span><\/a><span style=\"font-weight: 400;\"> for an LLC. Banks also have quite strict requirements that need to be met in order to qualify for a business loan. And even if you do qualify, you\u2019ll have lots of paperwork to fill out, and a long time to wait to actually receive the funds.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">It\u2019s due to those barriers in the traditional lending process that Become developed its unique <\/span><a href=\"https:\/\/www.become.co\/blog\/online-marketplace-for-business-lending\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">online business lending marketplace<\/span><\/a><span style=\"font-weight: 400;\">. You can discover today exactly how your business can benefit with Become, whether you\u2019re an LLC or not!<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">2. LLC SBA Loan<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">SBA loans are generally regarded as the top tier of LLC business loans. That\u2019s because they\u2019re backed with a signed guarantee by the U.S. government, which significantly reduces the risk taken on by the lender. That creates conditions where LLCs can get some of the absolute best interest rates, loan amounts, loan repayment terms, and so on.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Since they\u2019re so desirable and have such high demand, SBA loans for LLC also have tougher qualification criteria when compared with other types of LLC business loans.<\/span><\/p>\n\n<p><b>Top Pro:<\/b><span style=\"font-weight: 400;\"> Low monthly payments<\/span><\/p>\n<p><b>Top Con:<\/b><span style=\"font-weight: 400;\"> Not for startups<\/span><\/p>\n<p><b>Credit Score:<\/b><span style=\"font-weight: 400;\"> 600+<\/span><\/p>\n<p><b>Loan Term:<\/b><span style=\"font-weight: 400;\"> Up to 10 years<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">3. LLC Unsecured Loan<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Is your LLC short on valuable assets? Or, do you prefer not to put valuable assets down as security on loans for LLC? In either case, an unsecured business loan can be your ideal solution, since they don\u2019t require any collateral to qualify.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Of course, the advantage of not needing to provide security comes with a tradeoff. Since the risk is higher on the lender\u2019s part, the interest rates for unsecured business loans for LLC are usually higher than other forms of LLC financing.<\/span><\/p>\n\n<p><b>Top Pro:<\/b><span style=\"font-weight: 400;\"> No risk to personal assets<\/span><\/p>\n<p><b>Top Con:<\/b><span style=\"font-weight: 400;\"> Higher interest rates<\/span><\/p>\n<p><b>Credit Score:<\/b><span style=\"font-weight: 400;\"> 350+<\/span><\/p>\n<p><b>Loan Term:<\/b><span style=\"font-weight: 400;\"> 6-24 months<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">4. LLC Invoice Factoring<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Learning to <\/span><a href=\"https:\/\/www.become.co\/blog\/unpaid-invoices\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">deal with slow or non-paying customers<\/span><\/a><span style=\"font-weight: 400;\"> is absolutely necessary for any business, LLC or not. When friendly phone calls and pushy emails aren\u2019t cutting it, then invoice factoring can truly come in handy.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">The way it works is the lender pays you roughly 80% of the value of your unpaid invoices upfront and then provides the remainder once those payments have been collected (minus a service charge of 1-4%). Clearly, this is a great way to free-up cash that\u2019s currently inaccessible to your business.<\/span><\/p>\n\n<p><b>Top Pro:<\/b><span style=\"font-weight: 400;\"> Access funds tied up from slow-paying customers<\/span><\/p>\n<p><b>Top Con:<\/b><span style=\"font-weight: 400;\"> Placing customer relationships in the hands of a third party<\/span><\/p>\n<p><b>Credit Score:<\/b><span style=\"font-weight: 400;\"> 530+<\/span><\/p>\n<p><b>Loan Term:<\/b><span style=\"font-weight: 400;\"> 1-13 weeks<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">5. LLC Line of Credit<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A business line of credit works very similarly to a credit card in that you\u2019ll be able to use the funds for essentially any business-related expense, and you\u2019ll only need to pay interest on the funds you actually use. This is very different from other types of LLC financing, which typically provide funds in a lump sum.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">With a business line of credit, the funds are there for when you need them, to be used however you feel is appropriate. This is a useful safety net to have in place at all times.<\/span><\/p>\n\n<p><b>Top Pro:<\/b><span style=\"font-weight: 400;\"> Use funds as-needed<\/span><\/p>\n<p><b>Top Con:<\/b><span style=\"font-weight: 400;\"> Penalties for late payments<\/span><\/p>\n<p><b>Credit Score:<\/b><span style=\"font-weight: 400;\"> 300+<\/span><\/p>\n<p><b>Loan Term:<\/b><span style=\"font-weight: 400;\"> Revolving lines available<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">6. LLC Merchant Cash Advance<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Need a <\/span><a href=\"https:\/\/www.become.co\/blog\/best-fast-business-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">fast business loan<\/span><\/a><span style=\"font-weight: 400;\">? Plan on paying it back very quickly? Then consider applying for an MCA.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">A merchant cash advance will provide you with a lump sum loan that gets repaid by automatically drawing a percentage out of your business\u2019s future credit and debit card transactions, which is super helpful if you have a bad habit of forgetting to pay your bills!<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Just be careful when taking out an MCA, because if you can\u2019t or don\u2019t pay it back quickly enough, you\u2019ll feel the real impact of those higher interest rates. Generally speaking, MCAs are treated as a last resort when it comes to LLC financing.<\/span><\/p>\n\n<p><b>Top Pro:<\/b><span style=\"font-weight: 400;\"> Fast access to cash<\/span><\/p>\n<p><b>Top Con:<\/b><span style=\"font-weight: 400;\"> High interest rates<\/span><\/p>\n<p><b>Credit Score:<\/b><span style=\"font-weight: 400;\"> 500+<\/span><\/p>\n<p><b>Loan Term:<\/b><span style=\"font-weight: 400;\"> 2-10 months<\/span><\/p>\n\n<p><a href=\"http:\/\/www.become.co\/apply\/?k=blogbanner\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-11323\" src=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/08\/Frame-7-3-1.jpg\" alt=\"\" width=\"1024\" height=\"329\" srcset=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/08\/Frame-7-3-1.jpg 1024w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/08\/Frame-7-3-1-300x96.jpg 300w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/08\/Frame-7-3-1-768x246.jpg 768w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/08\/Frame-7-3-1-1200x385.jpg 1200w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/08\/Frame-7-3-1-604x194.jpg 604w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n\n<h2><span style=\"font-weight: 400;\">How to apply for LLC business loans<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">Did you know that more than\u00a0<\/span><a href=\"https:\/\/www.fedsmallbusiness.org\/medialibrary\/fedsmallbusiness\/files\/2019\/sbcs-employer-firms-report.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">25%<\/span><\/a><span style=\"font-weight: 400;\"> of small business loan applicants complained about long wait times through their bank?<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">On top of that, 23% of those same applicants complained that the application process with banks was difficult.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">And as if that wasn\u2019t enough, only 58% of business loan applicants are approved by big banks (compared to 82% approved through online lenders).<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">At Become, we know and understand just how hard it can be for business owners to obtain the funding that they need or want. With <\/span><a href=\"https:\/\/www.become.co\/blog\/fintech-lending\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">the power of financial technology<\/span><\/a><span style=\"font-weight: 400;\">, and the mission to help small businesses face fairer funding odds, Become is revolutionizing the business lending process.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">First, Become\u2019s advanced technology gathers the information that lenders use to see if your business can qualify. Then, powerful algorithms automatically match you with the optimal lenders for your business\u2019s specific needs. It\u2019s really that simple. With Become, the time from application to funding can be as little as 24 hours!<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">You can find out which lenders your business qualifies with today by filling one quick and easy online application. It doesn\u2019t cost a penny, won\u2019t affect your credit score, and doesn\u2019t obligate you to <\/span><i><span style=\"font-weight: 400;\">anything<\/span><\/i><span style=\"font-weight: 400;\">. And in the worst-case scenario, if you don\u2019t get approved right away, you\u2019ll get free access to a tailored <\/span><a href=\"https:\/\/www.become.co\/blog\/lendingscore\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">LendingScore\u2122<\/span><\/a><span style=\"font-weight: 400;\"> Dashboard where you\u2019ll get unique insights into how you can improve your business\u2019s funding odds.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Ready to get started?<\/span><\/p>\n\n<p><b>Step-by-step guide for applying for LLC business loans:<\/b><\/p>\n\n<ol>\n<li style=\"font-weight: 400;\"><b>Choose<\/b><span style=\"font-weight: 400;\"> your desired loan amount and select \u2018Get Loan Offer\u2019<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Fill in<\/b><span style=\"font-weight: 400;\"> the requested information (including time in the industry, revenue, business, etc.)<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Submit <\/b><span style=\"font-weight: 400;\">your business\u2019s checking account information for analysis<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Wait for offers.<\/b><span style=\"font-weight: 400;\"> You can also review your status by clicking \u2018Access Your Loan Application\u2019<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Review offers<\/b><span style=\"font-weight: 400;\"> and select your preferred lender<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Receive the funds<\/b><span style=\"font-weight: 400;\"> to your business checking account<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Review your tailored LendingScore\u2122<\/b><span style=\"font-weight: 400;\"> dashboard to improve your funding options<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Improve your rates<\/b><span style=\"font-weight: 400;\"> &#8211; if your LendingScore\u2122 is insufficient, follow the personalized plan (8-12 weeks to unlock funding)<br \/><br \/><\/span><\/li>\n<\/ol>\n<blockquote>\n<p style=\"text-align: center;\">8 steps too much to take in? Just use the slider below to get started<span style=\"font-size: 20px;\"> <strong>\u2193\u2193\u2193<\/strong><\/span><\/p>\n<\/blockquote>\n\n<p style=\"text-align: center;\"><iframe style=\"border: none;\" src=\"https:\/\/www.become.co\/widget\/get-loan-slider\/slider.html\" width=\"500\" height=\"295\" data-mce-fragment=\"1\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LLC financing can be difficult to obtain, but the info you&#8217;ll find here can help. Learn which type of LLC business loans are best for you and how to match with them, here.<\/p>\n","protected":false},"author":1,"featured_media":11751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,79,1,12],"tags":[118,234],"class_list":["post-11739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aus-resources","category-business-guides","category-uncategorized","category-us-resources","tag-alternativeloan","tag-fintech"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LLC Business Loans: 6 Ways to Finance a Limited Liability Company - Business Funding Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.become.co\/blog\/llc-business-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LLC Business Loans: 6 Ways to Finance a Limited Liability Company - Business Funding Blog\" \/>\n<meta property=\"og:description\" content=\"LLC financing can be difficult to obtain, but the info you&#039;ll find here can help. 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