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Vent: my LLC got a cheaper bank loan than my sole prop did, and I can't tell if that's a loophole or just banks being lazy
Same guy, same truck, same credit score around 740, but when I went to get a $12k loan for equipment in 2021 as a sole prop they wanted a personal guarantee plus a lien on my house. Reapplied last year under the LLC and got approved in 3 days with no lien, just a signature. My buddy says that's just banks pricing risk, but it feels like the rules are different depending on what paper you file. Is this a real gray area or am I fooling myself?
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