hard money business loan for inventory and working capital?
Aug 28, 2009
in
Hard Money Loans
I am looking for a hard money loan to purchase inventory and to rent a kiosk in the mall for the holidays for my business. I have tried the banks and they say my credit score isn’t high enough or they would like to see more cash flow. I have high margin inventory as much as 80% profit margin, so I can turn the inventory quickly. Just looking for a company that will lend the money quickly. Please only legitimate answers.
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One comment
Gene on August 28, 2009 at 10:30 pm
You can check out http://www.prosper.com. It’s a peer to peer borrow and lending website. You can borrow from $1,000 up to $25,000 from a pool of lenders, which will bid on your loan. If enough of them bid you can get a loan. Interest will depend on your credit, income, etc. If you do try it I suggest that you list with a good group.