How do Hard Money Loans for Small Businesses Work?
30 May, 2016 / Comments:Comments Off on How do Hard Money Loans for Small Businesses Work? / By William Mahnic
Money does not always have to come from a bank in order to fund a business. Those businesses that cannot get a standard loan are not out of luck; they just need to go alternate routes, such as hard money loans. These loans are funded by private individuals or companies that have the money to lend out to people that run a small business and have collateral to provide in the event that they stop paying on the loan. The process of obtaining a hard money loan is much simpler than going through the underwriting