Financing in 91101>Question Details

newinvestor,  in 91106

How many LLC members need to guarantee a commercial loan?

Asked by newinvestor, 91106 Wed Mar 17, 2010

We have a 4-member LLC with equal ownership and management responsibilities. If we get a commercial loan for a 5 unit apartment, how many members need to sign and guarantee the loan?

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Ask the lender. They may ask to look at the agreement to see what it says about that. It is also up to the 4 members. If one or more do not have as good credit, they may be left off the note.
2 votes Thank Flag Link Wed Mar 17, 2010
Minimal one, but it all depends how many are needed to qualify.

Edward Uriarte
(310) 463-2270
1 vote Thank Flag Link Wed Mar 17, 2010
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