Hard
Money Loan

Hard money loans for businesses are typically given to those who are not eligible for regular small business loans. The land owned by the company is used as collateral for the loans.

 

However, these loans may be highly expensive because the credit score isn’t taken into account. You can lose the real estate used for your business if you are unable to repay the loan.

PROS

Simple to meet
requirements
Quick application
Swift funding

CONS

High risk level
High rates
of interest