Licensed Lenders: Information and Resources
dfs.ny.gov
Licensed Lenders: Information and Resources
Instead, banks would rather see borrowers have hard assets (e.g. cash or property) or a job description (i.e lawyer, accountant, etc.) that matches a set of borrowers they’ve underwritten before and whose loans governments and investors would happily buy. Creators don’t fit this mold.
Connor Hale • Part 2: The Creative Economy and The Traditional Underwriting Model
Form an LLC:
Register with Secretary of State (generally fee is <$200)
Choose agent (yourself, your office, professional agent)
Apply for EIN (to prevent requiring your SSN on tax forms)
Apply for business insurance
Track your spending, to write it off on Schedule C tax form
Join local chamber of commerce
Loans can be offered when users have significant need and/or high intent;