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When money is hard to get, small businesses turn to hard money [Video]

August 1, 2010 |  1:23 pm

It seems like every small-business owner I've spoken to in the last couple of weeks has mentioned that he or she has had to turn to a so-called hard money lender to get credit. Some had approached seven or more banks before opting for expensive private loans.

 Read more: "Desperate for capital, small businesses turn to private lenders."

-- Sharon Bernstein

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