Sentences with phrase «for than a traditional bank»

Not exact matches

In 2001 the company purchased Centura Banks, a traditional bricks - and - mortar operation, for more than $ 2 billion and attempted to build a footprint in the southeast U.S. Centura was a lousy business to start with, and RBC was ill - equipped for the intensely competitive U.S. marketplace.

While banks aren't likely to charge rates that high for the loans originated through their partnerships, the rates are likely to be higher than what they offer for more traditional commercial loans, some financial experts say.

«(With an alternative lender), the interest rates are higher, the qualifying rate is higher than if you were going with a traditional bank and they are going to charge one per cent of the mortgage amount (as a lender's fee) for closing, so that means your closing costs increase.»

To get a sense of how this is changing the industry's dynamics, consider that a recent Deutsche Bank study estimates that just 5 % of traditional console games released since 2001 have sold more than a million copies (they typically retail for about $ 60 each).

All companies approved for a loan through Bond Street are guaranteed to receive their capital within less than one week, as opposed to the weeks or months they'd typically have to wait by going to a traditional bank.

Banks are pushing for the switch to EMV technology because cards with chips are more difficult to counterfeit than the traditional American credit card with a magnetic stripe.

The attractions of cyberspace for bankers are obvious: more than two - thirds of the banks with Web sites spent less than $ 25,000 to set them up — compared with the typical $ 1.5 million to $ 2 million it costs to set up a traditional branch office.

For the best rates, you might consider seeking out promotions at online banks, which have lower overhead and can offer higher rates than traditional banks.

Fueled by web - based tools that speed up the application process, a new paradigm for evaluating credit worthiness, and the ability to leverage technology to help them determine eligibility (often in under an hour), these lenders may approve business loans that might be overlooked by traditional banks, and can typically do it in much less time than their traditional counterparts.

Venture lenders (individuals or groups with a pool of money, or specialized banking organizations)-- they may provide term and short - term loans to technology businesses earlier than these loans would become available from traditional financial institutions; however, these loan facilities are usually reserved for businesses that have received venture capital investment and / or can demonstrate their ability to make loan payments from cash flow.

In addition, the company has built its technology for transaction processing in such a way that it costs 75 % less than traditional banks» core deposit platform, Mr. Britt said.

This is quite a different to mentioned above project because it allows to sell bitcoins for cash using the existing infrastructure, which is a network of more than 6000 traditional bank ATMs in this case.

And I noticed some unique processes, such as the stacked cash registers (more like a traditional bank teller setup than typical retail), which made it far more efficient for customers than the equivalent at H&M.

If you're selling goods or services to financially strong customers and have ongoing invoices, you can get substantially more financing than you'd qualify for with a traditional bank lender.

If you make less than $ 100K in annual revenue, traditional banks and most alternative lenders will not be an option for you.

This turns out to be a good deal for borrowers because they get a better interest rate than they might through a traditional bank loan or credit card.

Using the service probably won't be better in terms of payment than many traditional banks or alternative lenders but it doesn't hurt to see what you qualify for.

The opportunity also enables you to pay for individual transactions through other private investors that might want to get involved in the anticipation of earning more interest than is possible through traditional forms of bank investing.

Auto financing for bad - credit customers is available through a traditional car dealer, but because your low credit score already dictates that you will pay a higher interest rate than consumers with good credit ratings, obtaining bad credit car financing through the dealership will be even more costly than through your bank, credit union, or a sub-prime lender.

However, if a traditional bank or other lending alternative is willing to loan you money on better terms than the P2P lending company (or the P2P lending company is unwilling to lend you money perhaps due to a poor credit score), then it probably makes sense to look elsewhere for a loan.

Because banks take on less risk than they would with a traditional loan, financing for veterans is more accessible.

Not only were Quicken's interest rates better for Virginia, its loan fees were lower than quotes obtained from more traditional bank - based mortgage lenders.

Using the service probably won't be better in terms of payment than many traditional banks or alternative lenders but it doesn't hurt to see what you qualify for.

Alabama residents can apply for a loan up to $ 999, with shorter repayment terms than traditional bank or credit union personal loans.

For the best rates, you might consider seeking out promotions at online banks, which have lower overhead and can offer higher rates than traditional banks.

Interest rates charged by the Participating Lender are generally higher than a traditional loan for a similar amount issued by a bank or credit institution.

Fixed index annuities are designed for people who want the potential to earn higher interest rates than they would through traditional bank products, 1 but who are uncomfortable with exposure to market volatility.

Also, while a home inspection might pay for itself in a regular sale, banks are less likely than traditional sellers to lower the purchase price or make repairs.

The hope is that despite all these issues and conditions, that borrowers still get better rates than they normally would in a traditional bank setting with lenders competing with each other to fund their loans, and that lenders find a better avenue for their investment dollars along with the feeling of gratification that they're directly helping those who need the financial help.

You may even find that the interest rates for borrowers are lower than traditional bank financing.

RealtyShares is great for people who are looking to raise money for a real estate project directly from investors rather than through a traditional brick - and - mortar bank.

Private money sources allow for more flexible and faster funding options than traditional means of capital such as banks, credit unions and other institutional lenders.

For starters, online lenders and credit unions tend to offer lower rates a than traditional bank.

«The results indicate that given the same credit risk (i.e., for borrowers with the same expected delinquency rate), consumers would be able to obtain credit at a lower rate through the LendingClub than through traditional credit card loans offered by banks.»

As with checking accounts, online - only bank services for savings accounts offer better rates than traditional institutions.

Going through the long and arduous application process for a traditional personal loan from a bank could take far longer than the amount of time you have to get the money you need.

Another option, look into a local credit union for a small loan because they are more lenient with credit scores than traditional banks but still report to credit agencies.

And credit unions are known for giving their members better interest rates than traditional banks.

Lenders who do business on the Internet typically approve a greater number of borrowers for fresh start loans than traditional banks and credit unions.

Typically, it is advisable for those practicing self banking strategies to utilize policy loans rather than outright withdrawals due to the tax issues involved; however, even if a cash withdrawal is used, the result is on par with traditional retirement accounts.

With peer to peer lenders, the company connects individual borrowers with individual investors, which allows for the borrower to get a lower interest rate in some cases than at a traditional bank.

Did you know, for example, that online savings accounts typically offer higher interest rates than traditional brick and mortar banks?

Mancini recommends that first - time homebuyers try to qualify for a traditional mortgage loan from a bank or credit union, rather than opt for what could be a risky seller - financed offer.

Lenders who do business over the Internet can typically approve a greater number of applicants for the loan money that they need because they have more working capital and are often willing to absorb greater instances of risk than a traditional lending institution, bank, or credit union will.

Because it involves great risk to the lender, even greater if there are no credit checks done before getting your cash advance to you in an hour, there is more interest charged on a cash advance than for a traditional payday loan or a bank loan.

We offer direct payday loans to more borrowers than traditional banks and are quickly becoming the option that many Americans are choosing for their unforeseen expense needs.

«They may find that the marketplace can offer financing specifically for franchisees or health care businesses, or they may find that they can get a long - term loan backed by a guarantee from the U.S. Small Business Administration with less paperwork than if they went through a traditional bank.»

On the other hand, many traditional banks are known for being more secure than online banks.

If you have fair or poor credit or little credit history, a credit union is going to be more likely to approve you for a credit card at a reasonable rate than a traditional bank.

Because banks can offer online accounts without the need for retail establishments and tellers, they can offer higher rates than traditional savings accounts.