Some basic knowledge 

Loan plays a vital role in our life. People use loans for a variety of reasons and things. There are many types of loan. Such as home loan, real-estate loan, hard money loan, car loan, SBA loan, commercial loan etc.

Before taking loan you should have some basic knowledge about this.

What are the requirements of bank loan?

v  If you want take loan from bank then you have maintain some rules.  Bank has some condition. Firstly you have to good credit. Secondly your present job, income. Then comes where you invest this money and how much profit will come from this project etc. After that they will be able to give you loan, otherwise they will not give you loan.

What is hard money loan?

v  Hard money loan which is a specific type of asset based loan. Hard money loans are typically issued by private investors or companies. This loan is also known as private money loan. Actually hard money lenders are giving you loan by your property value. Sometimes lenders are giving you 65%-75% LTV (loan to value).