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If a loan amount requires $1,000 month payments then lenders are interested in at least a "Low 5? bank rating. Your "Bank Rating" is influenced by your average daily minimum balance over the last 3 periods. When should an entity convert with regard to an LLC? Many times if you formed a company it end up being the less steps and cheaper to form a new LLC. Many statutes authorize the merger of an LLC with another entity like a partnership or corporation. Some state LLC acts provide