In reality, an LLC by itself doesn’t necessarily open the door to independent borrowing. For the vast majority of small businesses, virtually every major lender will still require a personal guarantee and base the decision largely on the owner’s personal credit profile. In other words, the LLC doesn’t really shield the owner from the obligation. In addition, if you've been using personal loans and cards for business expenses this also puts the legal personal protections of an LLC in jeopardy as it provides avenues to pierce the corporate veil.
The $1,200 vehicle payment seems like it would be the largest fixed expense in the scenario. Reducing that obligation may provide more immediate relief than opening additional credit.
Aside from predatory loan companies that will give you money with no personal guarantee, or even no credit check. The trade off is that they base what they'll loan you on your last 6 months bank statements for example. All of them charge outrageous interest rates or fees, far worse than you're paying now. They'll also require your bank account to be connected where they can automatically withdraw the payment due on the loan.... every week... without any input from you.
