Hi, have been browsing through some of the posts and definitely learnt alot from you guys.
But I am posting first time as I do have some questions regarding application of micro loan.
Right now I am a sole proprietor. If I am applying for a micro loan, and approved, will that loan constitutes to be one of my personal financial commitments and contributes to my TDSR standing?
If I convert my sole proprietorship to a private company and apply for the same micro loan, will the banks consider my past financial credibility from the sole proprietorship and grant me the loan or it will not process at all, seeing the private company as an entirely new company?
Thanks!