We are looking to start a new business but have been told by a few lenders our business model is “outside the box” and suggested we look into a hard money loan. As I understand hard money loans are usually funded by a private company and have different qualifications than those of traditional lending institutions. Since we live in Maryland we knew we needed to find a hard money loans MD company.
As luck would have it we were able to find a hard money lender in MD who made it very easy for us to qualify. They had several ways we could qualify including being asset rich, which by owning some property we were. So while most people are being turned down for conventional loans we have qualified for a hard money loan and are well on our way to opening our new business.