Sentences with phrase «loan than a traditional bank loan»

It is significantly easier to secure a hard money loan than a traditional bank loan.

Not exact matches

Rather than making fixed interest payments each month, as with a traditional bank loan, the business» repayment amounts fluctuate each month, with ebbs and flows in revenue.

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.

There are still regulations, of course, but all - in - all, the process is much less complicated than setting up a bank, credit union, or traditional loan company to cater to people's financial needs.

Getting a loan online might seem riskier than going through a traditional bank, but a few basic precautions can help you keep your personal information safe.

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.

Traditional bank loans take more time to close than higher cost alternative lending products.

Because small businesses are considered higher risk than their larger cousins, the SBA loan guarantee helps banks offer more flexible loan terms, meaning borrowers can be approved even if they have fewer assets than what would be required with a traditional term loan at the bank.

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

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.

And, many times, short - term business loans may come with faster approval rates than more traditional long - term financing at the bank — which helps when time is of the essence.

10 Small Business Loan Sources explores sources of small business loans other than traditional banks.

If you need even more than $ 500,000, we suggest borrowers consider a traditional bank or SBA loan.

Individuals seeking a mortgage loan should consider factors or circumstances that may make a mortgage lender a better choice than a traditional bank.

Traditional bank loans are the most obvious method of financing your endeavor; but before you get your heart set on getting one, consider this fact: more than 82 % of small business loan applications are denied by big banks.

Becoming a business loan broker is more flexible than becoming a traditional bank loan broker, which is a very rigid job role that is restricted to only a few lending products.

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.

But since you're taking out a personal loan through a credit union rather than a traditional bank, the financial background check might not be as strict.

«Some of the best independent lenders use different criteria than a traditional bank or credit union to evaluate how likely a person is to repay a loan,» Gallegos points out.

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.

Long - term loans online can also have a quicker turnaround time than traditional loans, and some offer peer - to - peer lending, where you are borrowing from individual investors instead of a large bank or corporation.

Some alternative products — merchant cash advances or invoice factoring, etc. — will have higher APRs than traditional options, such as bank or SBA loans.

If you need even more than $ 500,000, we suggest borrowers consider a traditional bank or SBA loan.

Finding a credit - builder loan can be a bit tougher than traditional types of loans because not all banks and credit unions offer them.

Personal loans from online banks, such as Capital One personal loans, typically have lower refinancing rates than traditional banks offer because of the lack of overhead costs.

Auto title loans are typically repaid more quickly than traditional bank loans and come with much higher finance charges.

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

Title loans are treated differently than traditional bank loans because they are secured.

When acquiring a bad credit loan, the interest rates are higher than a traditional bank's interest rate would be.

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.

Peer - to - peer lending standards are significantly more lenient than banks», and these loans» interest rates are usually lower than those offered by traditional lenders, but the rates will likely exceed those on high - yield savings accounts, so you stand to make a much higher return with peer - to - peer lending.

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.

Bad credit mortgages have higher interest rates than traditional bank loans.

But since you're taking out a personal loan through a credit union rather than a traditional bank, the financial background check might not be as strict.

Some traditional banks now offer loans with one to two - day funding times but more often than not, you may be waiting a week or more to get a loan from a brick - and - mortar lender.

The new independent lenders use different criteria than a traditional bank or credit union to evaluate how likely a person is to repay a loan.

However, short - term and payday loans are a lot more likely to accept those with bad credit than long - term and traditional loans, such as those from your bank.

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

When looking at the terms of your agreement, you may have concerns that the interest rates appear higher than traditional bank loans.

And, many times, short - term business loans may come with faster approval rates than more traditional long - term financing at the bank — which helps when time is of the essence.

«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.»

Home equity loans are more popular than traditional bank mortgages because it is possible to customize them to your needs.

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.

The auto title loan process with LoanMart is generally much speedier than that of a traditional lender (like a bank or credit union) and some of our competitors.

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.

Most hard money lenders can also close much faster than a bank or traditional lender, so these loans are also good to consider if you need to purchase a property quickly.

Some people turn to title loans because they have lower credit scores than what is accepted by traditional banks to approve a personal loan.