Is there any specific way you should be running multiple businesses at once for funding? CY - Review please

The best way to run multiple business for one client is to do it in stages. 

  • Establish business checking accounts for the first LLC 
  • After accounts are established submit client with proper relationship managers / instruct them with specific banks for their applications.
  • After you have completed the first round of funding for the first LLC - move to inquiry removal.

After the inquiry removal is complete

  • Establish the same business checking accounts as you did with the first LLC. You can add/remove as you see fit.
  • After the accounts are established submit the client with different relationship managers / instruct them with specific banks for their applications but send them to different branches.
  • Keep in mind these banks can see what products you have with them currently based on your social security so the limits may not be the greatest but they can still get more products. 

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