I think it is best to deal with potential concerns as early as possible and your private lenders may want to know what happens if they run into an emergency. The question and my answer that I want to share with you today from my private lending FAQs deals with that.
The question is: What if I need to get my money back in an emergency before the term is up?
And here is my short answer:
Since I am confident that, with the attractive interest rate I am offering, that I can find another private lender to replace you as a lender, I feel comfortable telling you that if an emergency came up and you needed access to funds, we could replace you with another private lender within 60 days.
Until my next post,
James



