The key to finding commercial small business loans

Hard money loans may well hold the key to finding commercial small business loans as interest rates go up. Banks are required to comply with underwriting requirement that are imposed upon them by federal banking regulators and as such, each time interest rates ratchet upwards, it is harder and harder to qualify for conventional loans.

Hard money loans are not tied directly to market rates of interest as are banks. And, certainly qualification is not of any concern to hard moneylenders either. When the focus is on collateral and not on the small business borrowers, whats going on in the general interest rate market is not a direct factor to the willingness of hard moneylenders to consider your loan request seriously.

The road to getting the right hard moneylender for you can be frustrating when you need funding quickly. This is especially true when there are timing deadlines that must be met. At this point, you become very needy as you attempt to get your money needs met due to an unexpected turndown from your banks loan committee.