Welcome to the Hard Money Blog featuring news and trends along with my own personal ideas and advice on hard money and alternative business funding sources.
My name is Steve Replin and I’be been in the business of hard money lending for 30 years. As you can imagine, I’ve seen businesses succeed with proper funding while others burn at the stake when they run out of money. I’ve also seen where companies are awarded funding but from the wrong sources resulting in a similar negative outcome.
Half the battle in getting money for your business is knowing what options are available in the first place. Typically, business owners turn to their local bank when the need for money arises. But, you are correct to assume from what you’ve heard on the news that bank loans are very tough to come by these days.
If the money needed is of a smaller amount, usually less than $50,000, the business owner then canvasses his family members for money. But, after that first phone call, word travels faster than you can dial the phone as your relatives spread the viral alert faster than a YouTube video of another cat playing the piano, “Hey ‘cuz…Just wanted to warn you quick not to answer your phone if you get a call from Johnny this week. Yeah, you guessed it…he’s after the family for money again.”
Now, that’s a quick way to not get invited again to Thanksgiving dinner next year!
When the money levels are into the hundreds of thousands or even millions of dollars, the stakes get even greater.
What’s the solution? Hard Money.
Over the course of the next several months I will be engaging in a focused effort to get my message to the business world about the existence of hard money and a new method for acquiring it.
This process is described in great detail in my new book, Where to Go When the Bank Says NO!, which should be owned and read by every business owner who seeks business expansion.
After reading the book, many of my blog posts will make more sense as I will be expanding on the methods and principles I discuss in the book.
The great thing about a blog area like this, though, is that we have the opportunity as fellow business owners to discuss these topics in a public forum. I’d like to encourage you to make comments and ask questions when you see a topic that gets you curious.
And, by all means, if you have an idea for a topic that you would like me to cover in this Hard Money Blog area, please use the contact form to make your suggestion.
Have a great start to 2012 and best of luck in your quest for business funding. My hope is that I can inspire you to take a closer look into the tremendous opportunity awaiting you on the side of hard money. And, remember. When the bank says no, you know where to go.