Remove Credit Scoring Remove Development Remove Real Estate Remove Short-term
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Understanding Hard Money Business Purpose Use Loan and The Benefits for Investors

Strategy Driven

They are short-term, interest-only mortgages that buyers use to purchase and rehabilitate damaged properties. However, there are some situations where the loan term can be stretched to two to five years. New businesses and businesses with low credit scores. When a real estate investor has to act quickly.

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Can Lending Technology Revive America???s Small Businesses?

Harvard Business Review

In short, the health of American small businesses depends significantly on credit. And as we describe in a recent HBS Working Paper , gaps remain in traditional bank credit supply. Financial crises hit sources of collateral like real estate particularly hard, and this has negatively impacted smaller firms credit scores.