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Using DBA On Sole Proprietorship Loans

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When making a loan to a sole proprietorship can you list the 'DBA' under the individuals name and SSN?

You can list the "DBA" for information purposes but the legal name of the sole proprietorship should be used on all loan documents. In addition a filing necessary to perfect a security interest in any collateral must list the legal name of the debtor and not the "DBA".

First published on 2/11/02

First published on 02/11/2002

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