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rotten credit: How Credit Scores Impact Loans and Why Hard Money Lenders Don't Care
- 01/22/19 09:11 AM
Few people with rotten credit will get the funding they need through traditional methods. Arizona Hard Money Lenders are less concerned with your credit, so they may be a viable option if you’re getting bank denials.
Insufficient credit and low credit scores are involved in 36% and 26% percent of funding shortfalls, according to a recent Small Business Credit Survey put out by the 12 Federal Reserve Banks. Overall, about 77% of businesses do not get the funding they need, which creates a major gap in lending.
What’s more, 87% of small-business owners are using their personal credit scores to obtain financing, simply … (1 comments)
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Few people with rotten credit will get the funding they need through traditional methods. Arizona Hard Money Lenders are less concerned with your credit, so they may be a viable option if you’re getting bank denials.
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