In today’s era, when every business is looking to expand its operations to get ahead of its competition, it’s unfortunate to see the obstacles created by banks to acquire loans. The rigorous and lengthy loan application process makes it difficult for you to obtain a loan in a short time. If you’re looking for a way […]
The financial sector of the US economy plays a contributory role in driving economic growth. The sector mainly consists of two players: private money lenders and banks. Here’s all that you need to know about the two financing options. Who Has a Better Approval Rate? Only 27.9% of small businesses managed to get their loans approved from […]
It’s no secret that banks reject loan applications based on low business credit scores. It is estimated that banks only accept 27.9 percent of loan requests from small businesses. However, these shouldn’t stop you from looking for financial alternatives. One such alternative is a commercial hard money loan provided by private money lenders. What Are Commercial Hard […]
Efficient financing can help streamline a lot of things. If your loan application is rejected by banks, you opt for a private hard money lender that can provide you loans based on your property value. There are many specialized loans that a private money lender can offer. Here are its five types. Commercial Hard Money If your business […]
The construction industry is one of the most booming industries in the US. It has a contribution of 4.3% in the GDP and has over seven million employees. The main reason why the construction industry has flourished is the favorable economic conditions for investors and ease of financing. Construction loans are given out by not only banks […]
Every business needs financing to either grow or to save itself from financial problems. The long wait for loan approvals is over as short-term financing alternatives are here. One such alternative is a bridge loan. They are a great way to buy new properties without having to sell your previous property. Quick Financing The real […]
The US economy is one of the largest economies in the world. One of the reasons why it has reached such massive heights is the ease with which financing is available. Commercial banks up till June 2021 granted loans that reached a value of 15.5 trillion dollars. However, banks are not enough to finance businesses in […]
Commercial banks in the US had granted 15.5 trillion-dollar in loans till June 2021. Even this massive amount is not enough to cater to the robust US economy. As a result, people turn to private hard money lenders. Individuals who have a below-average credit score are likely to be rejected by a bank on their loan […]
The US is the hub of economic activity, and to sustain this economic environment, loans are crucial to. It is estimated that the loans granted by US banks were 15.5 trillion dollars in June 2021. However, surprisingly, even these loans are not enough to finance the projects started in the US, which is why private lenders have […]
Whether you’re just starting your business or need to take things to the next level, you need accessible money. A business loan can help you in such circumstances.