Hard Money Lenders– Business Funding Tip
Hard money lenders are companies offering a specialized type of loan that is secured by real estate. They provide short-term loans that offer funding based on the value of real estate that has been collateralized. The amount of the loan is determined by the ‘quick sale’ value of the real estate. The main drawback with these types of lenders are the feeds and interest rates they charge, however they can usually make a decision to grant a loan much more quickly. Hard money loans are from private loan companies or lenders, and almost never from a traditional bank. Individuals or businesses that don’t satisfy the requirements for a bank loan should look into hard money loans as an alternative.
To learn more about finding hard money lenders to fund your business, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.