Hard Money Loans
Hard money loans are ready for your small business when it’s time to act rather than to wait for funding. These loans are asset-based, not credit-based, so lenders rely far less on your credit history. Since lenders don’t have to meet the stringent requirements of federal banks and credit unions, you’ll experience a much faster and smoother application process. Get approved in as little as 24 hours instead of the weeks you might have to wait with traditional lenders. Most hard money loans charge only interest until the end of the term. You’ll find a range of uses for this short-term loan option. Take a look below and contact our brokerage team to find out more.
Commercial Real Estate
The world of commercial real estate can be competitive. Every business owner wants a location with the best access to their existing customers and the most visibility to potential customers. To compete in the CRE market, make your deal stand out with a cash offer. A traditional mortgage won’t get you the cash you need fast enough, but a hard money loan will. Skip the wait when you secure an asset-based loan with our lenders.
Fix & Flip
“Fix and flip” investors make money by remodeling and reselling. The faster you can complete renovations and get the property back on the market, the sooner you can move on to the next project. Long-term loans aren’t flexible enough to keep up. Hard money loans are ideal short-term financial tools that can help you avoid repayment penalties and long-term debt. Move faster with financing that fits. Ask us to find out more.
Equipment
Asset-based loans help businesses acquire more than just real estate. Whether you need new equipment or want to leverage the equity you already have in your equipment, hard money loans have you covered. Hard money loans are a smart way to finance equipment you expect to upgrade or replace in ten years or less. Since these loans are short-term, you won’t be stuck paying for equipment that’s no longer part of your workflow.
Inventory & Working Capital
If you’re struggling to keep up with demand, you may be losing customers to your competition. Use a hard money loan to accelerate your productivity by restocking materials and inventory ahead of new orders. Inventory loans let you deliver more, faster, and grow your client base to bring in more revenue. When you have special projects or unexpected expenses, secure a working capital loan on the value of your inventory.
Hard Money Highlights
Highlights
– Short-term financing with interest-only payments
– Use to fund CRE, Equipment, Inventory, and Working Capital
– Secured loans require collateral
– Easier to qualify for, but with higher interest rates than traditional financing
Benefits
– Access cash quickly
– Asset-based, not credit-based
– Versatile funding
– No long-term interest payments
– Adapt to the market
– Bridge short term gaps in financing
Challenges
– Higher risk for lenders, who usually charge higher
– Short-term loans require careful repayment planning
– Lenders may seize collateral assets if terms are not met
– Loans have to be repaid on time, even if property doesn’t sell
Alternatives
If a hard money loan doesn’t sound like the right fit, try:
– Term loans
– SBA loans
– Lines of Credit
Take the next step toward financial access.
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