Read this guide-- How can hard money business loans be a great funding options for borrowers who need quick money to make an investment with fast return.

1. Copyright 2019 Biz2Credit, Confidential
Copyright 2019 Biz2Credit, Confidential
Hard Money Business Loans
Guide
Copyright2020 Biz2Credit,Confidential

2. Copyright 2019 Biz2Credit, Confidential
Whatarehardmoneybusinessloans?
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Theseareasset-based loans whereborrower uses collateral to
secure the loan. Thecollateral is often real estate property. Hard
money business loans may be good options for borrowers who
need money quickly.
Copyright 2020 Biz2Credit,Confidential

3. Copyright 2019 Biz2Credit, Confidential
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Realestateinvestors:Investorsofpropertywhoare
inneedofasizableamountofcashupfrontforareal
estate.
Buyers with little-to-no credit: A person who
either does not have good credit, or one with
little or no credit history.Who are the best
candidates?
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Someonewithashort-termneedformoney:A
personwithshort-termfinancialneeds canmeet
thoserequirementswithahardmoneyloan.
Propertydevelopers:Commercialrealestatedevelopers
lookforhighreturnsontheirinvestment,ahardmoney
loanmighthavemoreappealtosuchapurchaser
becauseofthequickapproval.

4. Howcan you find a hardmoney lender?
1-Makesurethatthelenderhasaauthentic,fully
functionalwebsite.
4-Findoutthepreviousprojects,thelenderhas
financed.
2-Alwayschoosealicensedlender.Mostreputable
hardmoneylendersarelicensedbythestate.
5-Checkifthehardmoneylenderhasa
representativewhomyoucancontactorwithwhom
youcanmeet.
3-Makesurethatthelenderhasagoodreputation
andwithoutanypendinglawsuits.
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5. Howdo hardmoney businessloanswork?
Lendermakesadecisiononfundingamount
primarilyonthepurchaseandsaleofaproperty.
Traditionallendersaremorelikelytocarefully
inspectandevaluateaborrower’sabilitytopay
backtheloan.
Hardmoneyloansforbusinessentailtheborrower
puttinguprealestatepropertyasthecollateral.
Thehigherfeesandinterestratescouldmakethe
hardmoneyloanachallengetorepay.
Alenderwhofinanceahardmoneyloan,usually
chargetheborrowerahigherratethanatraditional
lender.
Copyright 2019 Biz2Credit,Confidential

6. Whatare the advantagesof hardmoney loans?
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 The collateral that is being offered up in a hardmoney loan
is vital in a deal when the borrowerhadpoor credit.
 Hard money lenders view each deal on its own merits, and
the borrowermay be able tochange the schedule torepay
the loan.
 Ahardmoney loan can be secured in a short amount oftime.
If a borrowerhas an existing business relationship with
lender, it may only take days toget the deal done.

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More Resources-
https://www.biz2credit.com/blog/2020/06/11/the-definitive-guide-to-hard-
money-business-loans/
https://www.slideshare.net/biz2credit/how-to-select-the-best-loan-for-your-
insurance-business
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