Before we go any further, let’s make sure we’re working from the same definition of hard money business loans.For the purposes of this discussion, hard money business loans and hard money loans in general, are typically secured by real estate.
Because the lender is not usually concerned with the application of the funds acquired, I’m further defining a hard money business loan as a source of funds invested into a business operation. The lending criteria for issuing a hard money loan is primarily focused on the equity held in real estate.
Typical characteristics: 1) private lending sources, 2) short interest terms from one to…
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