Sentences with phrase «for than a traditional bank loan»

Not exact matches

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.

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.

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.

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.

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.

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

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.

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.

«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.»

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.

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.

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.»

While OppLoans» interest rates are higher than traditional bank loans, that's because they're lending to a very different type of borrower — one who is likely to be rejected for a loan from other lenders.

Rather than applying for a traditional loan through mainstream banks, Vimala — a prominent local food and media activist — appealed to her community for small loans when planning to expand from catering into a full - time restaurant.

«Interest rates are much higher [than for a traditional bank loan], and if you miss a payment or are late, you can see those already high interest rates double or even triple,» he says.

As a direct lender, Montegra has more flexibility in our underwriting process than banks and other traditional lenders do, allowing us to fund loans in short time frames so that investors don't have to worry about missing out on deals while they wait for their loan application to be approved.

Robert Luis Castillo, senior vice president for Synovus Bank in Orlando, said traditional lenders have typically shied away from spending their resources on loans for less than, say, $ 100,000.