hard money loan for samll business start up?
Jul 05, 2009
in
Hard Money Loans
loan need for small business
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4 comments
imisidro on July 5, 2009 at 8:53 pm
Do you have:
- collateral as this is what hard money lenders want before giving out any loans
- demonstrated capability on repayment of the loan
Why not save some money first, before thinking of starting a business.
I recommend that you read the following books:
- What No One Ever Tells You About Starting Your Own Business : Real Life Start-Up Advice from 101 Successful Entrepreneurs
- Starting From Scratch: How To Start A Business When You Don’t Have Money
- If You’re Clueless About Starting Your Own Business and Want to Know More
- On the Move : How to Succeed and Survive As an Entrepreneur
-How to Make 1000 Mistakes in Business and Still Succeed
kemperk on July 5, 2009 at 8:53 pm
rotsa ruck; very few individuals make these and no companies
make them for biz start-ups.
get back to me for limited free advice on how to get started.
Lily on July 5, 2009 at 8:53 pm
Being a small business owner, you need to pay extra attention to management of financial resources. Since growth of your business somehow depends on its financial position, you should always be cautious about cash flaw within or outside your business. It is quite true that lack of finance can become a big problem in the way of the success of your small business.
http://www.worldbestloans.com/businessloans.htm
Since market is crowded with various business loan schemes, every small business owner can manage to get the desired amount without any problem. Therefore if you own a new and small business organization and financial shortfall is bothering you, then these loans can prove to be the best help for you.
Michael L on July 5, 2009 at 8:53 pm
Hard Money — is where you are lent money on collateral regardless of what your credit history is or what your story is, or what you’re going to use the money for.
There has to be some collateral involved, real estate in particular. Hard money is usually around 60% of value.
The interest rate is high and the points are huge. Its not the best way to start a business, and most likely you won’t find anyone to lend it to you.
If you’re looking to purchase a ppty for a business with hard money you’ll be putting up 40% plus pts and costs. Not sure if this is what your thinking about.
What kind of business are you looking to start? There are other ways to finance.. send me some info and I’ll give you some ideas.