Is it possible, or even legal, to get a business loan for the purpose of investing in residential property? In other words, applying for a business loan to use as a deposit for a home loan?
Further, if the answer to the above is no, can't a business owner just say that the business loan is to fund planned advertising and marketing? Its not like the bank/lender comes back asking for receipts for the advertising/marketing?
Further, if the answer to the above is no, can't a business owner just say that the business loan is to fund planned advertising and marketing? Its not like the bank/lender comes back asking for receipts for the advertising/marketing?