Hard Money / Bridge Loans

Getting approved for a loan through a traditional bank can be a lengthy and complicated process. Banks are obligated to follow strict guidelines when reviewing loan applications and can’t always be as flexible as private lenders. Hard money loans offer a way to get financing quickly without all the paperwork and waiting for traditional loans. They can be especially helpful for small businesses that haven’t developed a credit history or have had trouble with financing in the past. Since most hard money loans are secured on “hard” assets like real estate, equipment, or inventory, the borrower’s credit past doesn’t necessarily disqualify them from the loan.

Hard money loans carry short terms, usually a year or two, and typically have higher interest rates than traditional loans. This makes them ideal financing solutions for when your business needs fast cash to cover funding gaps. Real-estate loans can help cover the initial purchase and renovation of property before it’s “flipped” or before a mortgage is put in place. Equipment loans can finance new equipment before the old equipment is sold. Accounts receivable loans generate cash based on what clients owe the business. They work to stabilize finances between delivery of goods and client payment on outstanding invoices.