Apply Today

Apply for A Hard Money Loan today

Understanding

Hard Money Lending

It’s common for small businesses to struggle with their credit, especially when they’re brand new. Either the business hasn’t built up enough credit yet or the financial pressures of getting off the ground have created credit problems. But bad credit isn’t the end of the road for small businesses that want to fund capital assets.

Hard money loans offer a viable alternative to traditional bank loans for small businesses trying to build or repair their credit. Unlike traditional banks, hard money lenders are typically private firms. That frees them from the underwriting restrictions most banks have. So, it’s easier to apply for a hard money loan and the approval process is faster.

Another benefit of hard money loans is that approval doesn’t rely on your business’s credit score. Loans are secured on the assets your company already owns, or the property it’s trying to acquire. You can leverage your capital assets to grow your business by putting a hard money loan to work for you.

how to

Effectively Apply Funds

Hard money loans are ideal for fix and flip investors. Loans are approved quickly, so the investor can make a competitive cash offer on real estate properties. Unlike some real estate loans, hard money loans can include not just the cost of the property, but the repair costs as well.

An important distinction between hard money loans and mortgages is the difference in terms. Hard money loans are short-term loans, designed to be paid off in 12 to 18 months. Most fix and flip investors use the revenue from the resale of the property to cover the loan. Because hard money lenders take on more risk than traditional banks, they typically charge higher interest rates. However, due to the short-term nature of the loan, investors can end up paying less interest in the long run. If you’d like to learn more about how a hard money loan can boost your business, contact one of our reliable brokers.

Hard Money Funding Options

Real Estate

Hard money loans make it easy to put a cash offer down on a property fast. Cash offers help you close faster and make your business more appealing to sellers. If you’re trying to rise above a competitive market, talk to one of our brokers about a hard money loan today.

Equipment

Hard money loans help businesses succeed beyond real estate acquisitions. These loans are also great for getting the right equipment for your small business. They also let you leverage the equity in existing equipment to fund new equipment or working capital. Talk to a broker to find the best equipment financing.

Renovation

While real estate loans help businesses purchase real estate, they’re limited to covering the cost of the building. Hard money loans can cover both the purchase and renovation of the property, enabling you to take care of business with just one loan. Don’t put yourself through the hassle of multiple applications and lenders when you can simplify your financing.

Fix and Flip

Fix and Flip financing is a type of bridge or hard money loan that provides funding to purchase and upgrade a property from its current state. Purchase funds are based on the current assessed value of the property and the purchase agreement, while the rest of the loan is based on the estimated resale value after repairs are made.

Our Network

How do we stack up against the competition?

Lenders in our network

Hours Fastest Close

In avalible financing

FAQS

Q. Do I need a high credit score for a hard money loan?
While a high credit score can get you more favorable loan terms, it’s not required for a hard money loan. Lenders use the value of the asset securing the loan as the basis for approval. This security mitigates some of the lender’s risk so they don’t have to focus on your credit score.
Q. Where can I find a hard money loan for my small business?
Hard money loans typically come from private lenders. Even so, there are a lot of options out there and which one you choose will depend on your business’s needs. To find the best deals on a hard money loan, contact a qualified broker who will put you on the right track.
Q. When is a hard money loan not the best option?
Hard money loans are short-term financing options. If you intend to hold a property for many years, a commercial mortgage or SBA loan could be a better choice. You’ll have more time to pay down the loan and a lower cost of borrowing.
Q. What’s the difference between hard money and bridge loans?
While the two terms are often used interchangeably, there are a few differences between hard money and bridge loans. One is the source of the loan. You’ll find that most hard money lenders are private, while bridge loans can come from banks. There are also differences in how you can use the funds. Ask your broker for details.

HARD MONEY LOAN Advantages

Fast
approvals

Bad credit,
no problem

MULTI
PURPOSE

NO LONG-TERM INTEREST

Start a Conversation

CONTACT US TODAY