Pick the What Suits You between Hard Money Loans and Conventional Loans

Hard Money Loans & Conventional Loans

Which one would you have chosen when need to pick one between a hill and a sea? Feeling confused? The same situation may arise when you’d be asked to take one of hard money loans and conventional loans. So, be acquainted with the advantages of both the loans. Choose which the most profitable one is.

Hard Money Loans – The Benefits

Hard Money Loans

If you take a torch and go for finding a reliable loan service that can give you the perfect solution for all the financial need of yours, it won’t be easy to find one. But you cannot even relax without finding a solution. In that situation, the hard money loans can appear to be your savior. In your hard times, when you need a big amount but don’t have enough time to arrange the money, you obviously will consider the loans which can avail you the big amount instantly.

But you can feel rejected when you will not get an access to the loans in the market just because of the little time you have. You will see your dream shattering every second and you have to stand and see those things happening. To take you out of that situation, hard money financing is the best solution with the quickest money providence.

Hard Money Loans are the main choice of the people for some precise reasons:

Quick Money Providence – The hard money financing can provide you the money quicker than you imagine. In your crisis, this loan can benefit you with the quick service. If you don’t have time and do not want to go through the lengthy and complicated paperwork, this loan is the best solution for you.

Simple – The simplicity of the procedure is the plus point of the loan. In the financial market, it is not easy to access a loan without the complexity and if you are getting the impossible, not availing it would be a foolish thing.

Real Estate Property Is Enough – The real estate property is enough to get the loan done. If you own a real estate property like a house or something else, you can easily get the loan securing the property. Though the interest rate would be higher but who supports you in your crisis?

These above points are enough to describe why hard money financing has become the first choice of the people.

Miner Capital Funding is the leading loan provider in the US. With all its expertise, it can give you the freedom to access any loan without any difficulty including hard money loans.

Conventional Loan Requirements

When do you want to get a loan? When every way is closed and you are in urgent need of the money, only that is the time when you give it a thought to avail a loan for the betterment of your future plans. Whether those are tough or easy, those are the only options that are left. In spite of turning out to be very tough, every individual depends on the loans at the crisis.

Loans are now those golden eggs which seem to be impossible to achieve but there’s good news for you and that is the conventional loan. The loan can help you in your most urgent need and it doesn’t matter which purpose you need it for. If you are in a real trouble then you are going to get a loan certainly, and that is the main attraction of this loan. The most exciting part is your needs and requirements will help you to get the loan.

Are you surprised? Well, you don’t need to be, because the conventional loan requirements are the pivotal aspect of the loan. The lenders will go through your credit history and requirements, and if they find it okay, they will process the loan immediately.

For the government sectors, you have to go through the several documentations and complex signatures various times. But the private lenders will only check your credit history and conventional loan requirements and approve your loans. You will get that within a few days.

Miner Capital Funding is one of the most reliable financing solutions for your funding needs. Not only the funding but the company also focuses on providing the consultation in every financing including conventional loan requirements.

Hard Money Loans – A Short-Term Planning

Hard Money Loans

If not the best, Hard Money Loans are the most reliable source of financial service. Why it is called reliable? Well, that’s a nice question. If you want to get a loan then you first apply for it and then it is processed and then the loan will be in your hand if approved. Suppose, you are in hurry and that situation really calls for the speedy procedure. But you will find most of the financial services to take lots of time and requiring endless documents to approve the loan and in that hectic procedure, your requirement gets scattered.

In that situation, if you consider the hard money funding you can find the most reliability in the particular financing. Since the funding is only based on your real estate property, you can easily get the loan securing your house or any other real estate assets. Your loan size will be decided by the valuation of your property.

Basically, since your property is involved in the matter, the lenders will not demand the extra paperwork from you. With the maximum loan size depending on your asset, you can fly around and enjoy the life fully.

The Hard Money Loans will include the following terms in general:

Ø  Loan Size: $200k and above

Ø  Terms: 1-3 years with the extension options

Ø  Interest Rates: 9% interest rate

Ø  Closing Time: maximum 10 days

These features can very well explain you why should take the loan instead of anything else. But you need to be assured that you need a bigger amount because for the lower amount there are different loans which you can avail with lower interest rate.

Miner Capital Funding is the leading financial company which has helped many businesses to grow and many individuals to establish. The main benefit of this company is it doesn’t only do business; it tries to get a smile on the client’s face. For any kind of borrowing help including hard money loans, feel free to contact them.

SBA Loans – Know About the Best Financing for You

SBA Loans

Have you ever heard about the SBA Loans? Okay, let’s have a quick tour what the matter is all about. It can help you in availing the loan and may give you the solution which you are looking for.

If you have a small business or want to start a new business, then this particular loan is the perfect match for you. Understanding the fact that the small businesses and startups are the spine of a country, United States government didn’t want to lose their position economically and came up with a plan that is called the SBA financing. In the year of 1953, the Small Business Administration formed and it has introduced individuals with the best possible financial service in the market.

Often the scenario turns out to be negative for the business entrepreneurs when they opt for the loans but the arrival of the SBA funding has reduced their stress and gave a great relief for the fixed purchases and starting the business. Mainly there are two parts of the SBA Loans which have created a great impact —

SBA 7(a) Loans:SBA 7(a) funding is only made for the small business owners. If you have a small business or want to open a startup, then this loan should be your first priority since they think only about individuals like you.

SBA 504 Loans:If you need a fixed asset urgently but lacking the money is creating the barrier between you and your achievement, then the SBA 504 Loans can be your savior by availing you the amount that you need.

SBA funding is one of the most efficient financial services for the borrowers because it has such a low-interest rate, fast closing, and quicker approval. SBA doesn’t lend out the loan by itself instead it plays the part of the catalyst and the main attraction is you have to pay 10% as the down payment since the rest 90% will be provided by SBA and the lenders.

Miner Capital Funding is one of the foremost financial solutions for the people for years. It not only lends out the money, rather it focuses on providing the clients proper consultation for all the loan service including SBA Loans. 'For more help, contact them on (702)-466-8952.'

SBA 7(a) Loans – Let’s Have a Smile on the Face

SBA 7(a)Loans

Are you a small business entrepreneur? Are you thinking to start your own startup? What is holding you back? Well, while planning and execution is in your hand, the capital is the thing which can ruin your greatest plan. Availing the loan can be a hectic process as well since every lender is quite uncertain about lending the money and the lending requires complex and lengthy procedures. But SBA 7(a) loans are only made for the small businesses and startups which enables you to access all those things which you want.

Conventional Loan Requirements – Proper Needs Can Save You

Conventional Loan Requirements

If you have a plan but cannot execute it in the best way just because of the money, frustration will be automatically generating in your mind. This crisis makes every individual cry for the funding. Loans are running in the market with an achievement and will be running with the same success since people will never be short of demand and they will be lacking the money. While it is heard sometimes, that the borrower didn’t repay the loan after getting it and this particular thing has driven the lenders to take the strict step.

As a result, people are running for the money but they are not availed with the same. The previous cheating of some individuals has affected the genuine people who are really in need of the loan. The strict rules and almost impossible rules are tending to be the main obstacle in the road to their success. But people can now take a breath of relief. The government and private lenders have invented some loans which have been benefiting the people in a big way.

Conventional Loans are one of those loan programs that have been invented to the market and in a little time, it has become one of the priorities of the individuals who need a loan of a big amount. Running out of money is not an uncommon thing for the business person and even for the others. If you want a handsome amount to be taken as a loan, then it can be hectic to get the deal done. While this is the scenario for the other loan services, the conventional loan can be your savior in the situation with just little criteria of having a proper requirement and the credit history. If you match the mentioned points, nobody can stop you from availing the loan. So, for the conventional Loans, 

conventional loan requirements.

Miner Capital Funding is one of the most reliable solutions for your financial needs. They can give you the relaxation with every loan program that is running in the market including conventional loan and the best consultation about the conventional loan requirements

Hard Money Loans – Never Face A Rejection

Hard Money Loans

Hard Money Loans have got the immense reputation in the market not just for the loan size or quick approval. Rather it is the choice of most of the people because it will provide you the loan when everybody else has rejected your application. Having a real estate property can ensure the loan for you. It’s that simple!

SBA Loans – Know Everything about Your Success

SBA Loans

Small businesses are considered to be the backbone of a country’s economy and it has been proved. That is the reason why United States Government is putting tremendous importance on the small businesses and its entrepreneurs. It has been a known fact that often people run out of money and need a source of capital. In the ongoing development, the terrific ideas and the business owners get harassed by the lack of proper loan service and the complication often ends up destructing their plans.

Noticing all these, US government came up with the best plan for the small businesses which will benefit them in a big way and started a loan service made especially for the small businesses back in 1953. The Small Business Administration (SBA) has opened a new window of hope and achievement in front of the business owners and that is called SBA Loans. There are basically two types of loans which are offered in SBA financing. 1) SBA 7(a) and 2) SBA 504.

1) SBA 7(a) Loans: This particular loan is a native loan for the existing small businesses and startups. If you have no capital in your hand, do not get afraid because SBA 7(a) loan is something which can avail you with a jaw-dropping loan size, low-interest rate and quick closing time. This has been the most sound loan service for the business owners who have proper ideas but don’t have enough capital to support those.

2) SBA 504 Loans: On the other hand, SBA 504 loans are made for the fixed purchases such as the real estate, buildings, machinery and other properties at below market rates. If you are opting for buying a building or some equipment for your business use or the other uses, this particular loan can provide you the breath of relief while you don’t have to think about the money. You just need to do business and the rest will be done by the Small Business Administration itself.

Miner Capital Funding is proficient with all the loan programs for your every requirement including SBA 7(a) and SBA 504 loans. For more help, get in touch with them at: (702)-466-8952

SBA Loans vs. Conventional Loans – Feel the Difference

SBA Loans

SBA Loans are one of the most significant and accurate financial help in US. People who are running a small business or intending to start a small business can be availed with this loan with low interest and quick closing service.

Conventional loans are taken for variety of reasons from the real estate purchase to the other aspects. For availing the conventional loans, you need to have a proper requirement and that is the solo aspect based which you would be availed with the amount.

Since the argument has never been stopped which one is better and which one should be taken as the lending option, people are getting diverted towards the improper alternatives. While both the lending options have their basic and individual criteria, you need to understand what your needs are and what you need the most.

SBA 7(a) vs. SBA 504 – Policy, Terms, and Advantages

SBA 7a SBA 504

From the day one, it has been a hot topic which service from the SBA Loan (Small Business Administration) has more benefits than the other. While two of the preferable loan services have their own advantages and benefits, shouting for one of them is seemed to be impossible. SBA 7(a) and SBA 504 have earned immense popularity and reputation for a precise reason. Forming in 1953, these two have left their mark in the lending industry and considered to be the best of all the loan services for a startup or existing small business.

The debate has taken birth from the very first day when these two services have stepped their foot in the industry. It’s almost impossible to come to a decision when both sides have a huge amount of supporters and users. But seeing the requirements, terms, policies and benefits can help you making your selection –

SBA 7(a):

Totally structured for the small businesses and startups, this service is the perfect if there’s a plan wandering in your mind to begin your own business. When you need to take out only 10% of the total amount of loan from your pocket and remaining is arranged by SBA and the lenders, it’s really worthy.

·         LOAN SIZE: $50k - $5million

·         INTEREST RATE: Variable, Sometimes fixed

·         TERMS: Up to 25years for real estate; Up to 10 years for business acquisition, equipment; 5 to 7 years for working capital

·         Closing Time: Normally 45-60 days

SBA 504:

Having an intention of purchasing a fixed asset like real estate or a building won’t be shattered now while you have this loan service walking alongside you. When according to the SBA terms, you ought to invest 10% of the loan amount, you have the full freedom to acquire the loan with an absolute ease.

·         LOAN SIZE: $125k - $10million

·         INTEREST RATE: Fixed

·         TERMS: 20 years for real estate; 10 years for equipment

·         Closing Time: Normally 45-60 days

The top two loaning services of Small Business Administration have left the market with wonder. You can avail any the jaw-dropping loans without any difficulty but knowing the guidelines and policies would be better to help you in taking the decision which one you want to go with.

Miner Capital Funding loan out all the financial services including SBA loans. If you need the guidance of a proficient commercial and real estate loan brokers, get in touch with them

SBA Loan – Let You Dream Come True

SBA Loan Service in Illinois

If you have made your mind to start a new business recently, then you may come across some serious issues. Those challenges not only can make your business troublesome but it can ensure the businesses not even get started. Above all the hurdles, the most difficult and genuine one is the matter of the capital. From the large to small business entrepreneurs are suffering from the problems and they cannot even carry some brilliant ideas from their mind to the reality for the sake of the capital.Especially for the small business's entrepreneurs, a relief has appeared in form of the Small Business Administration (SBA).

The administration has basically emerged with the idea of helping the small business owners to get their business run gently. From the day it has established in 1953, the struggle for the small business start-ups has ended as they are providing a handsome amount of money for the small businesses to get started. Those who have applied for the loans but struggling enough to get that, finally can get a feel of relief. TheSBA loan confirms you the money for your business in quite a short span of time.

SBA loans are generally not provided by SBA itself for a valid reason. If they start to loan out the money themselves, the capital of the company automatically increases. And the other additional expenditures take a tour which will not be good for the users. Instead of loaning out itself, it is playing a role of a medium of the owners and the distributors.

SBA provides some amount initially and rest is given by the institution. The owners have the full freedom to repay the money with a much lengthy time limit.SBA loan is something which has made the people give it a thought once more and it can certainly make the economic state better than thought.

Miner Capital Funding is such a company which provides all sorts of the financial needs including the SBA Loans.

Hard Money Loan – Not So Hard to Get

Hard Money Loans

From the very business point of view, some of the main aspects to start your own business are plan, execution, and capital. Without these three, your business is merely a mirage. Everything can be achieved if you are smart enough but the thing which cannot stay in your hand is the capital without which nothing is possible; even your brilliant business ideas as well. Many good prospectives have been thrown into the water just for not having enough money in the pocket and if they go for getting a loan, banks are time and again rejecting the requests. Thus, those ideas and the economic state were facing a major turndown.

Then an aspect aroused and it has taken the business marketplace by storm. Hard money loan is an option became a choice of every entrepreneur who wants to start a new business. The benefits of the loan speak on behalf of the loan and it has got much appreciation by the time. Some of the huge advantages of this loan are - 

Fast Approval – The major problem with applying a loan is the approval. It takes a protracted time which makes the business impossible to take off. The hard money loan guarantees the loan to be approved faster and your dreams to take a jump.

Few Requirements – What makes every other loan so hectic is the requirements those need for the processing but the hard money loan assures you quite a few requirements for your new journey.

Consideration – This lender approves those needs which the other lenders would not even consider as a serious issue. This consideration drives people towards the particular loan.

Miner Capital Funding is comfortable to provide you all sort of financial help along with the hard money loan.

A Brief Deliberation about Conventional Loans

Conventional Loans

Are you preparing for a business venture? Here what you need to understand about the Conventional loans.

Business ventures are always risky and it throws multiple challenges over the businessmen that become really hard for the individuals to tackle. Finance is one of the most important aspects in any business and it requires a sharp acumen to understand the in-depth issues situated underlay the main platform. The problems are vast, but the solutions have narrowed down to little. However, there is a quickest solution to the problem that can solve the financial crisis of the investors and businessmen and assist them in leading a successful empire.

Enlightenment about the solution

Conventional loans has become a great deal and is basically used by almost everyone who is in need of money. The loan is simple as it sounds, and has no hidden facets that can ruin your entire plan. It is a simple asset-based loan that you can lend by securing one of your personal property. The funds are ensured to the borrower in terms of sheltering its real property; which is returned once the finance is cleared of. Though there are certain risks attached to the Conventional loans, yet it has grown out to be quite popular among the investors, bankers, and businessmen.

Why go for Conventional loans?

Apart form its popularity and quick resolution to the banking & commercial sectors, this sort of funding can help you to cover the crisis from a few months to years as well. With high-interest rate, the Conventional loans can be obtained when you are weighed down with the payment. They come in aid when the situation turns out to be disastrous, such as bankruptcy and foreclosure proceedings. They are often termed as the last savior that can help the owners to obtain a capital in lieu of the valuable holdings.

Hard Money Loans for Starters & it’s Benefits

Hard Money Loan

Hard money loans are useful for first time financial specialists as a source for crediting, as a greater number of times than not, individuals, start their obligation before they even start their credit, this wonders originates from the inundation of understudy advances. This could be a decent sign without bounds achievement of hard money lenders. This is typically the case with individuals who have awful credit or don't meet all requirements for other credit lines or loans.

What is Hard Money Loan?

Generally, hard money loans are made by a private bank or organization for venture or business purposes. They ordinarily have less borrower capabilities and set aside less opportunity to close than a traditional loan. Credit sums regularly incorporate recovery financing to finish an endorsed extent of work being done regarding the matter property. It ought to be noted, in any case, that while hard money banks for the most part put more accentuation regarding the matter property and advance to-esteem proportion as opposed to the forthcoming borrower's credit, borrowers still should apply for, meet all requirements for and consent to the terms of the hard money loan.

Benefits of Hard Money Loans:

Rapid Funding of Loans

Flexible Term Structure

No Prepayment penalties

Miner Capital Funding is intended to improve the financing background for you. With our streamlined procedure and focused rates, we make purchasing or renegotiating a business property simple. Contact us now.

A Brief Deliberation about SBA Loans, Hard Money Loans, & Conventional Loans

SBA & Hard Money Loans

Government agencies like the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA) don't guarantee or insure mortgage financing or conventional financing. Thus, for banks these types of loans are flagged as 'high risk' loans with stringent criteria to qualify. The terms and rate of the mortgage are fixed. 

Notwithstanding the fact that while applying for the mortgage, the options that are available could be confusing, generally for majority of people conventional financing is appropriate. No two situations are similar; what is good for the goose may not be good for the gander. Hence, each individual has to take a decision as to whether or not conventional loan would be the prefect choice. Loans are sanctioned in no time if an applicant were to avail different categories of mortgage offerings. 

A down payment is mandatory in conventional financing unlike any other type of mortgage financing. Mortgages that are insured by the government have relatively lower upfront payment requirements enabling new homeowners to shift to their new home. 
There are two broad categories of conventional financing; conforming or non-conforming. A conforming conventional loan is one that specifies an optimum loan amount when the applicant is a single family. When you are purchasing a multi-family home. Non-conforming conventional loans have a much higher limit of loan amount, and the applicants are typically multi-family. They are also known as a jumbo loan.

The greatest advantage of conventional financing is that if the upfront payment is nominal in relation to the market price of the home, lending institutions would need the loan applicant to buy private insurance on conventional mortgages. If the loan applicant has any other type of mortgage other than private mortgage, the loan applicant would be required to pay premium on insurance premium. 

A hard money loan on the other hand, is a loan based on a specific asset. In other words, the asset is used as collateral for the loan and the bank would have a lien on the asset. What this means is that if the borrower defaults on equal monthly installment payments then the lending bank can seize the specific asset against which the loan was taken/granted/sanctioned. 

Simply put, hard money loans or funds can be secured by putting physical asset as guarantee. Private investors and companies typically issue hard money loans, the amount being the same value as the collateral to fulfill short term funds requirements of the borrower. In terms of the interest rate on hard money loans, it’s calculated by taking into consideration the asset that has been put up as collateral and whether the borrower is a first-time borrower or is an experienced borrower. These are primarily the factors that affect the interest rate of a hard money loan. There is a loan fee that a borrower of a hard money loan would have to pay as well.

Hard money loans are also known as 'bridge loans' for the short-term and the lending banks are the lenders of 'last resort'.

SBA Loan, Hard Money Loans - Minercapitalfunding Build your loan experience smoother by offering hard money, SBA loan, conventional loans etc from Minercapitafunding LLC. Call us now, (702)-466-8952.

Golden Rules to Get A SBA Financing Company For Your Startup

SBA Loan

A giant business house did not set up a day as each business person has to start with a stage of entrepreneurship. And it will not take a long time to become big house from a startup if you follow the right ways of investment.

Here are some paths that lead a small business owner to the summit of the industrial house, if follow properly.

  Get A Good Knowledge On Proper Investment:

Investment is the core need for setting up a successful business. Choosing the right decision is your business skill. Before making an abrupt investment, it’s necessary to get entire information about the types of investment.

Let me go  through some lights of the various types of investments:

·         Private Equity: Investment made by some private- owner or an individual like your business partner or some friends, called Private Equity (PE). 

·         Venture capital: Investing some capital in your business for higher growth in a short time is generally called the venture capital. It’s one of the most ideal investment procedures for a small business owner as it’s the most beneficial investment policy for startup companies.

•     Angel investing: Entrepreneurs, who are seeking for high returns through private investment, choose angel investing as the key investment for their companies. This type of investment provides you similar startup venture in a small amount of investment.

      Know What Your Investor Provides You:

According to the expert investors, keep questioning about the last investment and the best investment  whenever you meet a potential SBA Financing agency or a suitable partner for making an investment. The experience with the CEO of the last investing company is equally important as it will help you to make out the performances of the future financial partner of yours.

     Get Insight View Of The Investor:

Finding an adjustable investor is rare as well as good for your business growth. Starting with the loans, make sure the liabilities are apt with your total investment and they have charged a fixed rate as per the interest.

Coming to the next part should start with a thorough investigation of the transparency of the investor, including the terms & conditions. Also find out, are their charges effects your entire investment or business growth.

Top Causes for Using Commercial Real Estate Loan Brokers

When it comes to the matter of finance a business, a maximum number of businessmen start the journey with doing it yourself attitude. Basically, they don't want to go to their nearest bank or seeking out a referral. The main problem with this process is that a business owner does not have enough time to invest in finding a lender that will approve the loan. Besides all of this, lack of knowledge about difficult loan process makes a huge burden for them. So, a business owner should hire commercial real estate loan brokers to make their way smoother.There have many ways, a loan broker can help.

Easy Application Process

If you are applying first time for small business start up loans, it can be a frustrating work for you. Your lender or banker may ask you many questions and you may don't have any idea regarding all of this. If you work with a loan broker, the whole process will be easy for you. You will get a clear overview of what might be expected for you, prior to applying. Besides this, your loan broker will give you all information regarding the paperwork for a specific loan application which will help you the most. At last the most important thing is that you can ask your loan broker many questions which you don't wish to ask your banker.

Major Facts About Hard Money Loans https://t.co/p4Jyi5FNgB pic.twitter.com/VMXkqEwlkE

— Shawn Nicholls (@shawn_nicholls) December 29, 2016

Variety of Lending Source

One of the biggest challenges for a small business owner is to find out a perfect lender that will lend to small company's specific profile. In maximum cases, owners visit the bank for a loan but they don't have any idea that usually banks decline their loan application simply because they have many loans in a specific industry or geographic location. A loan broker has contacts to many lenders that are nationwide. So, you can get a broad range of options and besides this, it increases the chances of loan approbation.

Cost Effective Advice

Good and qualified commercial real estate loan brokers can offer the best as well as appropriate loan option for your small business. During your loan application process, the loan broker will take some general information regarding your business such as time on business, expected cash flow, business credit score, operation history and much more. This information will use to find out a perfect matched loan for your business by the lender. If there any red flag, then the broker will able to find one more option for you by using this information.

Save Time

When using a commercial loan broker, you are basically outsourcing the search for a lending partner. While you could, of course, save money by adopting the DIY approach, recognize that time spent talking to multiple lenders is time spent away from running your business. By working with a loan broker, you are able to shortcut the process and go directly to lenders who are most likely to approve your loan.

So, hiring commercial real estate loan brokers is a wish idea for you if you are a newcomer in the loan industry. If you have experience, still it will be a helpful support for you because it will save your valuable time and make the whole process smoother.