Hard terms make hard-money loans a gamble

08/31/2010 | Entrepreneur online

Think twice before signing up for a "merchant cash advance" or some other form of hard-money loan, Carol Tice warns. With interest rates of 36% or more, these loans are structured to be paid off quickly. "If anything goes wrong, you end up paying so much in interest it's hard to ever get your head above water again," Tice writes.

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