ASSET BASED LENDING SOLUTIONS FOR THE GREATER HOLLY HILL, FL AREA
Do you need to secure a loan for your business but don’t meet the stringent qualifications set by traditional lenders? Are you looking for a short-term loan to bridge the gap between paychecks or invoices? If so, you may want to consider hard money or bridge financing from HML Solutions. These types of financing are designed for businesses that don’t fit the mold of a traditional lender, and they can be an excellent option for companies in Holly Hill, FL.
We’re here to explain the benefits of hard money and bridge financing and explain how they can help your business grow. With historical attractions such as the Holly Hill History Museum and Merci Train Boxcar and its close proximity to Florida’s sunshine-soaked beaches, Holly Hill has plenty of real investment opportunities that hard money and bridge financing from HML Solutions could greatly assist.
What are Hard Money and Bridge Financing?
A hard money loan is a type of financing that is secured by real estate assets, rather than creditworthiness and can be obtained quickly. A bridge loan is a short-term loan used to “bridge” the gap between funding. Borrowers typically use bridge loans to help purchase a new property before they are able to sell their current property.
Both hard money and bridge financing can be great options for businesses in Holly Hill, FL. Hard money loans can be used to buy inventory, cover payroll, or even pay for business expenses. Bridge loans can be used to cover short-term cash needs, such as purchasing property or renovating an existing property.
What are the Benefits of Using Hard Money and Bridge Finance?
If you are considering hard money or bridge financing for your business, it is essential to understand these loans’ benefits. Here are a few of the key benefits:
- Fast approval – One of the most significant benefits of hard money and bridge financing is that you can get approved quickly. This type of financing is ideal for businesses that need cash fast. Hard money and bridge loans can be approved in as little as 1 week.
- Flexible terms – Hard money and bridge loans offer flexible terms. This means that you can tailor the loan to fit your specific needs. HML Solutions offers terms of 1 to 5 years
- Bad credit – If you have bad credit, you may still qualify for hard money or bridge financing. This type of financing is often available to borrowers that traditional lenders reject.
Additionally, demanding money and bridge loans can be used for various purposes. Here are a few examples:
Purchasing property: If you want to purchase property for your business, hard money can be a great option. Hard money loans can be used to finance the purchase of both residential and commercial properties.
Renovating property: Have an existing property that needs some work? Hard money can be used to finance renovations. This includes everything from cosmetic upgrades to significant repairs.
Paying business expenses: Need cash to cover payroll or other business expenses? Bridge financing can be used to bridge the gap between paychecks or invoices.
As you can see, there are many benefits of using hard money and bridge financing. If you are looking for an alternative to traditional funding, these loans can be a great option.
If you are interested in learning more about hard money or bridge financing, don’t hesitate to contact HML Solutions today. They would be happy to discuss your specific needs and help you find the right loan for you!
Note: All submitted information is kept in strict confidence and used solely for the purpose of obtaining a hard money loan and/or bridge loan. We do not share your information with any third parties without your consent.