Can I make a personal loan to my business?

Yes, some personal loans can be used to fund a new or existing business. However, before applying for any personal loan, you should check that the lender doesn’t impose any restrictions for business use. It’s worth reading through the loan’s conditions beforehand to see what is allowed and what isn’t.

Can I put personal money in my business account?

If you have money set aside in a savings account or investment portfolio, you can finance your business without any debt. This can be done either as your personal loan to the business or, preferably, an equity contribution.

Can I fund my LLC with personal money?

If your capital contribution will be in the form of cash, making the contribution is generally as easy as making out a check from your personal funds to the LLC. Capital contributions, however, also can be in the form of property or services. … You also can make a capital contribution in the form of services.