Funding Solutions
Hard Money Loans
WHat is a
Hard Money Loan?
Hard money loans are also easier to qualify for than most traditional business loans. Because hard money loans are secured on real property or “hard” assets, lenders don’t put as much emphasis on the borrower’s credit score. These loans are popular with newer companies that don’t have a long credit history to draw from, but they are also used by large, established businesses that have a significant portion of their value tied up in assets. They also work well for businesses working on repairing credit. Making timely payments on a hard money loan typically increases a business’s credit score.
How Are They Used?
A business can secure a hard money loan on the new property being purchased or another property the business owns. Other assets can be used in conjunction with real estate or instead of it. But hard money loans work for more than just properties. Equipment, inventory, and working capital are other ways to fund small business needs with hard money loans.
Funding Options
Inventory
Equipment
Real Estate