This Non-Traditional Financing Solution Lends Money to People Rejected By Banks Want to buy an investment property, but don't qualify for a traditional loan? When banks say no, this lender says yes.
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Private money is a way for entrepreneurs with bad personal credit to become small business owners and flip houses. This makes small business ownership more accessible to traditionally underserved communities, such as minorities, immigrants and refugees.
Private money lending is generally funded by investors, banks or both. Lenders take funds from private investors and make private business-purpose loans with those funds.