Questions

If SBA 7(a) loans become directly available through the agency if it's under $150K, would an established business be more advantageous than a new one?

Moving to LA from NYC. Was going to wind down 6-year-old LLC and start new one in CA. But the additional tax and admin burden could be worth it if I need my company's age to get more funding (banks aren't friendly to game devs so I never bothered with the 7(a) process in the past). This proposal is part of the infrastructure bill and may not pass. If it does...need to know if it changes my plans.

1answers

An established business with revenue is almost always better than a new LLC. You can consider registering your LLC as a foreign entity in CA.


Answered 10 months ago

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