Capital Loan Direct Deposit with No Business Account?

3 0 3



I was approved for a Capital Loan, but it was sent back by my bank because it was made out to my store name  and i have a personal account which only accepts deposits to my name.


Does anyone know how you can accept a loan without having to  go through all the filing of your business in order to open business account to accept deposits under the store name?


I know you can file "DBA" which still cost $70 or so and a wait period before that is approved. I heard pay pal may work, but i am not sure as the funds are ACH direct deposited.


Any help would be appreciated. 


Thank you,