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Business Tax Id Number

February 27th, 2010

Business Tax Id Number

Question: Is it possible to get a mortgage loan in a business name using the tax id number of that business?

The business is a sole proprietorship w/the owner having excellent credit. The business is real estate.

Answer: Yes, of course a business can get a mortgage. What effects whether they do it or not has to do with the members of the business, their indivdual financials, and the financials of the company. Yes, commercial loans are slightly higher, but very possible.