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Archive for April 13th, 2018

Discuss the Benefits of Private Loans With a Hard Money Lender

There are different types of business and residential loans available for qualified borrowers. This includes traditional bank loans as well as private hard money loans. It’s important to note that there are significant differences between these two types of loans.

Basic Qualifications for a Bank Loan

When someone is interested in taking out a business loan, for example, there are several criteria they need to meet in order to do so. In addition to being established in business for a minimum of two years, they also need to meet the following qualifications:

  • A minimum of $250,000 in annual revenue
  • A good personal and business credit history
  • A cash-flow positive status

Basic Qualifications for a Private Loan

For the most part, a private hard money loan is secured by o

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