Hard Money Loans
Whether you’re investing in growth or covering significant expenses, our hard money loans provide rapid, asset-based financing to propel your business forward, regardless of your credit history.
Lending Overview
Hard Money Loans
Hard money loans help businesses manage major expenses like buying real estate and equipment as well as working capital needs. They’re a form of asset-based loan that provides immediate funding based on the value of business property or other high-value asset. Since hard money lenders focus on asset values, not credit scores, anyone with assets can apply, even if without great credit. Hard money loans also don’t require the same rigorous application process that traditional bank loans do, saving time and hassle.
Approvals are made in as little as 24 hours from the time borrowers apply. Hard money loans are short-term financing, with most extending to three years at the max. Businesses can get hard money loans from the SBA for seven years, but some loans are due in just a few months. Loan brokers help business owners connect with the right lenders based on their financial goals. Ask one to find you the best deal on your next hard money loan.
Smart Strategies
How to Effectively Apply Funds
Most businesses utilize hard money loans to purchase commercial real estate, although they can be used for a variety of applications. Real estate markets are highly competitive. When property becomes available at the right price, buyers compete for the seller’s attention. If you can provide a cash offer, you’ll move to the head of the line. Hard money loans let you do just that. Use one to buy “fix & flip” properties, investment properties, or a business that comes with real estate. Investors then use the revenue generated from the resale of the property to pay off the loan. You can also purchase equipment, inventory, and more with hard money loans. Speak to a broker to learn more.
Advantages of
Hard Money Loans
Approved in 24 hours or less
You don’t need a high credit score to qualify
Get up to 80% or more of your asset’s value
Hard money loans cover most business expenses
Our Values
We are dedicated to serving each client at the highest level.
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Tailored Lending Solutions
Immediate Financing with Hard Money Loans
CRE
If you’re just getting started investing in commercial real estate, you may not have the credit or experience to get a traditional commercial mortgage. Hard money loans don’t require high credit scores to qualify. When you need access to capital in a hurry, you can rely on a hard money loan to come through fast.
Equipment
Equipment is one of the biggest expenses a business can face, but it may be an essential part of how that business operates. Hard money loans use the value of the new equipment to secure the loan, making it easy to get the funding your business needs for industrial, medical, or restaurant equipment and more.
Inventory
Leverage your existing inventory for working capital or get financing to bring in new inventory with a hard money loan. Some lenders let you pay back the loan as you sell your inventory instead of in a lump sum, making it simpler to manage your debt. Flexible payment schedules are also available. Ask a broker for details.
FAQ
Frequently asked questions
Q. How much can you borrow against inventory?
In most cases, you can borrow from 50% to 80% of the inventory’s fair market value. It’s rare to see 100% financing. The amount you qualify for depends on the type of inventory you own, your other business and personal assets, and your credit history.
Q. Do I need collateral for a hard money loan?
Yes. Since hard money loans are asset-based, you’ll need an asset to secure one. Several assets can qualify for hard money financing including real estate, equipment, inventory, and interest in your company.
Q. How can I get funding and protect my business assets?
When you use an asset as collateral on a loan, your asset will only be in jeopardy if you fail to pay back the loan. It’s important to consider the terms and rates on a hard money loan before you borrow. If you prefer unsecured funding that keeps your assets off the table, ask your broker about credit-based loans, factoring, sale-leasebacks, and other options.
Q. What are the risks of a hard money loan?
Because hard money loans are riskier for lenders, they typically charge higher interest rates and require higher down payments than more traditional loans. Hard money loans are also short-term loans, meaning borrowers need to plan ahead to pay on time. Should the borrower default on the loan, any assets used as collateral may be seized by the lender.
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