Can a commercial hard money loan help my small business get additional business funding if it owns the property in question?

It is unlikely that a commercial hard money loan will help you get additional business funding, even if your small business owns the property in question. In fact, putting up small business assets against a commercial hard money loan may work against you, because any additional business funding program may worry about the consequences to your small business if you default on this funding, losing the property as a result.

Just imagine the harm that would befall your company if you could not repay a commercial hard money loan and lost the property upon which your small business runs. Why would other small business funding sources want to risk this when such an outcome would almost certainly prevent you from making good on the financial assistance they provided you?

Instead, you should look for alternative small business funding that will not put your entire operation at risk if you default upon its terms. Losing your small business property will be very difficult to recover from, given that it is the foundation for your operations, no matter how solid the rest of your assets may otherwise be.

Complete the online contact form we make available on the UKStartups.org website in order to submit your details to us to determine if we can help you locate appropriate government funding as an alternative to a commercial hard money loan, or speak to an agent by calling us at 020 3880 8554.

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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