Individuals who did not qualify for traditional loans from banks are the main targets of private lenders. (mortgagebrokerstore.com)
Best for: Businesses that can't quite qualify for a traditional loan, but want a better rate than an online loan can offer. (valuepenguin.com)
While this makes sense, it also has some problems, especially for individuals who would otherwise not qualify for a traditional loan from a bank or other lending institution. (bdnationwidemortgage.com)