I started a 'S' corp in 2012 it never did anything and never made any money. In June 2019 I started a 'C' corp. That company has been doing really well and has over $100k revenue. I am trying to expand my business by getting a loan.
When I go for a loan everyone says I need to be in business at least 2 years. One of the bankers told me I could have my 'S' corp buy my 'C' corp and then I would show that I have been in business since 2012. Is this correct? What do I need to do so I can show the time from my 'S' but the money from my 'C'? Thanks in advance.