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?

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.

From the frying pan into the … Business owners that “elected” to secure a Commercial Hard Money loan for their business are often surprise how quickly the time passes when they are expected to pay off that debt. There are of course only 2 real solutions to this. 1. Sell the property and pay off the loan or 2. Refinance the debt with another lender. The third option is to call your rich uncle and have him pay it off.

First of all, most hotel owners go to the SBA programs due to the relatively high level of financing available. Both the SBA 504 and SBA 7a allow 85% loan to cost financing, enabling owners to keep as much cash in their business as possible. Conventional financing is currently capped at around 65% loan to value on purchases, as a comparison.

I have been asked many times, what will the SBA actually do? Will they liquidate our home, people ask in disbelief? Will they really garnish my wages? Many do not believe these procedures will actually occur, but they will.

So, the small business owner cannot refinance his home or even sell it, cannot borrow again, and cannot do anything because the liens remain on himself and his home. Is this an Offer in Compromise program? No, it’s a retribution and punishment program.

photo credit: afeld Your business is doing well. Your customer base is growing, and during the last quarter you actually turned a profit for the first time since you opened your doors last year. You have a solid business plan and now it’s time to think about moving out of your rented space, buying more [...]

An increase in home-based businesses has heightened the demand for capital. Getting capital is one of the most challenging aspects of running a business. This articles describes a new homebased business loan program that doesn’t require a lot of paperwork.

Lets review. As we know, the defaulted borrower of an SBA guaranteed loan must present his Offer in Compromise to his lending banker for review and ratification and then for him to send it over to the SBA for final consideration. If deemed acceptable and appropriate, it is then sent over to the SBA where it is decided with a response to the borrower being: yes, no, or a counter-offer is provided.

If your small business is in need of a loan, find out what options are available for you. Capital funds may be just what your business need for growth.