Hard Money Commercial Loans
Businesses working with heavy equipment, suffering from bad credit, and in need of hard money commercial loans have been able to take advantage of the services provided by Capital Solutions for more than a decade. We are willing to work with businesses that are unable to receive financial assistance from more traditional lenders because of their credit history
We can provide loans to borrowers even if they have the following items on their credit history:
- Repossessions
- Negative or insufficient cash flow
- Late Payments
- Bankruptcy
Businesses which have dealt with these issues often have difficulty obtaining hard money commercial loans for their equipment and cash flow needs. Borrowers may be rejected because of a failure to meet income requirements, a low credit score, or too much debt. Even financially responsible businesses can get rejected if they have not been in business long enough. Lenders have become even less willing to provide hard money commercial loans in recent times due to the credit crisis.
Hard Money Commercial Loans Now Available
None of the issues discussed above should prevent you from being able to receive the loan that you need in order to increase the size of your business operations. Capital Solutions can work together with borrowers regardless of their credit history, as long as they are able to securitize the loan with significant property, or obtain a cosigner (with collateral). Property that can be used to securitize the loan include:
- Equipment you may already have
- Residential or commercial real estate
- Commercial trucks
- Additional collateral from a cosigner
For the purchase of equipment we work with the following assets:
- Any heavy asset equipment for your business
- Construction equipment
- Commercial trucks and trailers
- Oil rig related equipment
- Industrial machinery