ASK THE BUSINESS LICENSE GURU

By David Yount

Question:

“Do Hard Money Lenders need to be licensed?Do hard money lenders need to be licensed

Answer:

Hard money lenders offer loans that your bank cannot. They lend based (mostly) on collateral instead of credit scores. It is a short term loan secured privately.

Hard Money Lenders generally need to be licensed in each state- typically via the Department of Real Estate, and one person associated with the lending needs their Real Estate Broker License.

LicenseLogix can research the requirements for you, file your applications, submit your documentation and fees, and manage your license renewal deadlines so that your business remains in compliance with the law.

Call today so we can get started getting you down to business. (800) 292-0909