Hard money lenders are companies that lend to borrowers with either no or limited collateral. They typically charge higher interest rates than traditional lenders.

A hard money lender is a financial institution that loans money to businesses and individuals based on the security of their assets, rather than the creditworthiness of the borrower. Hard money lenders are often more willing to lend to high-risk borrowers, and they typically charge higher interest rates than traditional lenders. Also, if you want suggestions regarding money lending, you may visit here to learn more about funding.

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There are several reasons why hard money lenders may be more willing to lend money to high-risk borrowers. First, hard money lenders typically have a lower borrowing threshold than traditional lenders. This means that they are more likely to loan money to businesses and individuals who don't have much equity in their assets. 

Second, hard money lenders typically have a higher lending limit than traditional lenders. This means that they are more likely to loan money even if the borrower's assets are less than the amount required by the lender. Third, hard money lenders typically require a longer repayment period than traditional lenders. This means that borrowers will need to repay their debt with interest over a longer period of time.

It is important to note that not all hard money lenders are bad options for business or individual borrowers. In fact, many reputable hard money lenders offer competitive interest rates and flexible repayment terms. However, it is important to do your research before choosing a hard money lender. You should also consider whether you meet the requirements of the lender, as some companies only accept applicants.