We specialize in
Hard Money Loans
Definition: In today’s business climate, being able to move faster than the competition can make a world of difference. Waiting for traditional equipment, real estate, and commercial loans to come through may mean passing up a great deal. Application processes may drag on for weeks or even months. In the meantime, the ideal property could be sold, manufacturing could be put on hold, and potential renters may decide to look elsewhere. Hard money loans can be approved quickly because they don’t require as much documentation and lenders aren’t tied to banking regulations.
Overview
Hard money loans are short-term financing products that help cover the cost of real estate purchases, renovations, and equipment costs. They’re often used by “fix and flip” investors to secure property for renovation. Once the property is sold again, funds from the sale go to pay off the loan. Commercial property can be built with hard money funds and repaid with income from renters.
When equipment breaks down or needs to be updated, hard money loans can come in handy. It’s not always easy to come up with replacement funds on short notice. Many businesses rely on their equipment to keep operations running. Without it, production grinds to a halt, and income takes a nosedive. But, a hard money loan will cover the cost of new equipment so orders can be satisfied, manufacturing can start running again, and income flows back in.
Because hard money loans are often secured on the equipment or property being purchased, the borrower’s credit history isn’t as much of a factor. Even new businesses that haven’t had time to build their credit profile can qualify. That’s because lenders mitigate their risk by taking ownership of the new asset if a borrower fails to satisfy the loan.
Loan Highlights
– Hard money loans can be easier and faster to obtain than traditional bank loans.
– Loans are secured on borrower assets and don’t require a high credit rating to qualify.
– Because of their short-term nature, hard money loans typically carry higher interest rates.
– Hard money loans can cover real estate, equipment, and renovations.
Act Now
↓ Speed to market still makes market leaders
↓ Fund high value purchase orders and commercial properties in the shortest time possible
↓ In congested, fast moving markets you need funds now to make your next move. Let us be your funding advocate every step of the way
Contact JBartolo Today To Get Started!
Why leave your brand to chance? You’re already busy running your operations. Let our team position your business for the right financing solutions. You’re already doing what you love. Let us do what we love and shape your financing to support growth.