Many business owners find it beneficial to seek the help of Evans, GA hard money lenders to finance their needs. Evans, a census-designated place in Columbia County, Georgia, is a rich suburb of Augusta, Georgia. It is part of the Augusta-Richmond County Metropolitan Statistical Area. In 2006, the Census Bureau estimated its population to 20,681. It has a total area of 10.0 square miles.
The biggest advantage of hard money loans, especially for owners of commercial properties, is that the lenders look at the value of the property, not its owner. The property secures the loan and not the credit rating of the borrower. Hard money lenders in Evans offer hard money loans with payment terms that range from one to six months, although extensions are allowed up to two years or more. Unlike in traditional lending institutions, hard money loans are flexible.
When you approach Evans, GA hard money lenders, you will be asked for the reason for selecting Evans hard money over soft money from banks. There are a thousand reasons for seeking out residential and commercial hard money loans. Maybe, you immediately need some funds to save your property from foreclosure and you cannot wait for the bank to process your loan since immediate action is needed. Maybe, your credit rating is poor that your loan applications are always disapproved by traditional lending institutions. Perhaps, you have found a good investment, do not have enough money, and thus needs money fast. Whatever the reason is, hard money lenders can offer you financial support at flexible terms and specific commercial loan rates.
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