How risky is borrowing hard money for a small business located on the property in question?

Borrowing hard money for a location where upon you have a small business can be incredibly risky.

Even if you are currently absolutely certain borrowing hard money on your small business location’s property is risk free because your profitability shows you will be able to repay any such hard money loans, you can never fully anticipate what the future holds. If your market suddenly takes a downward turn or your small business suffers an unforeseen setback or disaster, you could suddenly see that cash flow dry up.

Borrowing hard money against your small business’ property and not being able to repay the loan money could mean losing that property. Even if your small business would otherwise be able to weather the unexpected financial problems that made you unable to repay the hard money loan, how will your small business continue on if it can no longer operate on the property you lost due to defaulting on the loan?

Instead of borrowing hard money against your small business’ property, call the UKStartups.org’s number, (toll free) 020 3880 8554, to talk to an agent about alternative sources of business funding, especially those from UK Government funding sources, that will not put your small business property at risk.

There are hundreds of government funding schemes available for small business owners in the UK. In fact, our Funding Database currently has over 600 government funding schemes and over 500 private investors available for small business owners and startup entrepreneurs. What are you doing to take advantage of this? Become a member and start your search.

Take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at starting your small business. It just takes 30 seconds and will also tell you if there may be any funding assistance available.

Be sure to look at the hundreds of daily questions and answers we have from entrepreneurs like you who want to learn more about starting a business, creating a business plan, searching for funding. Our small business experts take the time to answer each and every single question, so if you have something on your mind – we can help!

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