Hard Money Loans

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Even if you might have less than a perfect credit rating, you can still find unsecured credit lines and business finance.
A good credit score is important, especially if you run a business as it can affect your personal score when you look for a loan from a bank. Unsecured business financing can [...]

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Running a business is not an easy task and the need of financing is a must. However, a business owner wants a cheap source of financing and not rates that eat up all revenue. Unsecured lines of credit are either too expensive or not available for small businesses. Thus, if the business [...]

Obtaining capital in this “tight money market” is easier said than done these days. As more and more banks go belly up, lenders are increasingly making it more difficult to obtain capital. I will show you how it is possible, even in this market, to obtain unsecured business funds without having to show business bank [...]

photo credit: norhendraruslan
Last week I conducted an exploratory marketing session with a new business owner. One of the topics that came up was how tough the credit crunch has made it for businesses to get financing. And that got me thinking…
For several years I’ve championed the concept of growth through leveraging marketing assets. Assets [...]

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There are several ways to obtain funding for your business; the most common lender is the traditional bank, credit unions and private loan companies or capital companies. Through these types of lenders, business loans must be secured. This means using your personal assets as guarantee (collateral). Business loans are very risky because [...]

photo credit: norhendraruslan
Most business owners are told by bankers and other “financial advisors” that they will have to qualify for their business credit line based on their personal credit score and that they will have to personally guarantee any credit extended to their business, especially if it is a new business.
That is not true.
Understand [...]

photo credit: JOE M500
Collateral – A borrower’s asset that is given up to the lender if the borrower is unable to pay back the principal and interest on the loan; making the lender the new owner of the collateral.
Credit Score – A numerical expression based on the analysis of a person’s credit files, to [...]