Lets assume I start a C-Corporation. The Bank account of my Corporation has $10,000 in it and no other assets of any kind. Can I, as the Chairman and CEO, walk into the nearest bank and request a loan for the Corporation of $100,000 to purchase equipment that will produce some widget that can be sold for a profit?
For example.... A machine to make rims for cars cost $100,000 but the business only has $10,000 in cash. Would a bank lend the business to the money to purchase the equipment, which in turn allows the business to manufacture a product that can be sold into the market?
Orignal From: Starting an Incorporation and Getting a Loan? -- Part II?
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