An equipment and construction private money loan is a good alternative to traditional bank financing. This alternative financing can be very beneficial to the borrower in many circumstances. Below are a few reasons a commercial private money loan may be appropriate for you.

• You need a loan quickly and can’t wait the 3 to 6 months for a traditional bank loan
• You need financing to take on more construction projects
• You do not qualify for traditional financing for whatever reason (income, tax returns, unique property, etc..)
• Transaction not standard and therefore falls out of traditional lending parameters
• Your credit is impaired
• Although you may have ample equity, you or your property has liens, judgments, unpaid bills, etc. that cash is needed to resolve
• You have ample equity in your property and need cash to complete repairs
• You need to purchase or lease equipment and you are a startup business
• Your property is occupied by your business, and your financials don’t tell the full story
• You need a loan without the documentation requirements of a bank (stated loan)
• You are trying to avoid foreclosure and restructure your debt
• You are a foreign national
• You need a complex loan with multiple pieces of collateral
• You need a creative solution to a loan that doesn’t fit other lenders