Hard Money Loans

By now, many of us have heard about the newest kid on the SBA loan block. Known as ARC loans (“American Recovery Capital”), they have captured our imagination and fired us up with boundless hope. But are they real, or simply a well orchestrated mirage?

The banks have virtually shut down, especially commercial lending. They may as well hang an out of business sign on their door, but should probably ad the following; we are out of business because we do not believe in our economy at all. Why else would they refuse to lend?

If only, it was that easy. Unfortunately, they are smarter than that and have laid a trap for you that many fall into unbeknown to themselves. The personal guaranty is a path to everything you and your wife own.

In these troubled economic times, the question is whether any bank or financial institution is making loans to small businesses. This article will discuss if the federal government will bail out a business if it cannot pay back its business loan under the the new Stimulus Bill.

If you are thinking about starting your own small business, the Small Business Association can help you obtain funds for the start up by granting you an SBA loan. Small businesses need help in funding their ventures in one way or another. There are several ways to get financing to start up a small business. Either the entrepreneurs provide the start up money themselves or they obtain a small business loan.

In this first segment of this two-part article we will discuss some of the general requirements and application procedures involved in acquiring an SBA loan.