Funding your LLC by lending it
I just opened an LLC and was researching for a smart way to give my llc capital. I am thinking of drafting a promissory note and lend some money to my llc at low or no interest rate. Is this approach good?
Additionally, I was wondering if I could pull the credit of the llc, then report on time payments to build my business credit. I tried searching on google if this is doable but couldn’t find any information.
Let me know what you think and thank you in advance!