Sentences with phrase «loans than the traditional lenders»

Private companies or individuals are more inclined to offer bad credit home loans than the traditional lenders such as banks and credit unions.

Not exact matches

And online lenders are approving loans for small business owners at a much faster pace than traditional credit sources.

Online marketplaces that offer SBA loans exclusively can move faster than a traditional lender.

Many lenders consider the increased flexibility of a business credit line higher - risk financing than a more traditional term loan because the business is borrowing in the future based upon their creditworthiness today.

Nevertheless, traditional lenders are likely to weight the value of your personal score more heavily than many online lenders do, so if you have an otherwise healthy business and can demonstrate that your business has the cash flow to make timely loan payments, it is possible to qualify for a loan with a less - than - perfect personal credit score.

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.

If you're looking for a more modern student loan refinancing experience than traditional lenders offer, Earnest's use of data and technology, and their comprehensive underwriting, might make it the lender for you.

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

Finding quick personal loan singapore lowest interest rate isn't always easy, though you're much more likely to receive a loan quickly on the internet than you are to find a fast loan from a traditional lender in your local area.

«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.

«At Directed Capital we are always looking to provide solutions for Main Street that traditional lenders do not have the capability or flexibility to assist with,» said Directed Capital's CEO Chris Moench, who has specialized in acquiring and repositioning debt for more than 25 years, «With the increase to our credit facility from our longtime lender Goldman Sachs, we were able to acquire these FDIC loans and expect to continue our long tradition of helping borrowers re-access traditional financing channels, while providing investors with superior returns typically uncorrelated with the market.

Sure, the short - term lending industry is quite a bit different than the traditional lending industry, but by eliminating a lot of that regulation and red tape of these nontraditional lenders — lenders, in specific — are able to offer their loans to individuals that simply would have been able to get a loan any other way.

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.

Again, interest rates are usually a bit higher than the interest rates you'll encounter from traditional lenders when you go with an installment loan.

If your credit score is lower than traditional in - person lenders would like, you could still qualify for a decent loan.

These loans will typically have lower refinance rates than a traditional lender as well, due to the lack of overhead costs.

A short - term loan for 3 months from a direct lender like Wizzcash is different to a traditional payday loan in that you would pay it back in three instalments, rather than one lump sum.

While the interest rate that you will pay to borrow money when taking out a payday loan will be more than you would pay if you were approved for a traditional loan, it is not usually higher than ten percent - although that figure can vary from lender to lender and may be based partially on the amount that you borrow.

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.

This pressure may also increase the use of shadow lenders — private lenders that provide buyers with loans at much higher rates than traditional lenders.

If you prefer an uncomplicated life, a cash advance loan is definitely a better option than applying for a personal loan with a traditional lender.

Since most of the applicants do not fit the low - risk borrower profile that lenders prefer, most traditional lenders decline loans and bad credit, high risk borrowers have to resort to sub-prime lenders that are prepared to offer mortgage loans to those with a less than perfect credit score.

While PayPal loans are more expensive than loans from traditional lenders, PayPal can deposit your funds quickly and does not have strict eligibility requirements.

Private lenders could be a great option if you currently are unable to qualify for a traditional mortgage or loan because of a less - than - perfect credit, debt or if you're a self - employed individual who can't always provide proof of a steady income.

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.

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.

As ACH direct debits become a more popular way for both traditional lenders and online lenders to accept periodic payments, it's important for business owners to understand what that entails, the opportunities it might provide in terms of additional loan options, and help them position their cash flow needs in such a way to accommodate the often more - frequent - than monthly payment terms.

Many lenders consider the increased flexibility of a business credit line higher - risk financing than a more traditional term loan because the business is borrowing in the future based upon their creditworthiness today.

Many people, even people with stellar credit, will try and fail to secure a loan from a lender, because of the VA guarantee, underwriting guidelines are more relaxed than traditional loans.

Our interest rate might be higher than other lenders; however, it's because we are eliminating many factors that would normally not allow you to qualify for traditional loans.

Down payments start at 10 %, which is lower than the traditional 20 % required by other lenders in similar loan scenarios.

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.

Keep in mind that unsecured loans usually have a greater interest rate attached to them than their secured counterparts; however, by obtaining your loan online, you will probably get about the same rate as traditional walk - in lenders would charge you for a secured loan.

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.

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

They tend to focus on high credit scores rather than other factors that traditional lenders ask for and they can help you with Personal loans, Student loans, and Mortgages.

Remember that while interest rates may be lower than through a traditional lender, there may be associated fees with a P2P loan that you'll need to take into consideration.

Borrowing money through a short - term loan product might cost you more than a traditional bank loan, but when you factor in the speed, flexibility, and smaller funding sizes offered by alternative lenders, working capital loans are often more attractive.

The qualifying criteria for an online business loan will vary depending upon your lender, but are typically less strict than a traditional loan.

While ApplePie Capital takes up to 30 days or more to fund, it is certainly much faster than a traditional loan application process and offers some of the largest loans among online marketplace lenders.

If you are planning to use a traditional lender rather than the government - insured FHA mortgage, it will be wise to shop around and determine loan availability in your area.

Borrowers may choose to get a loan this way because it may offer loans with lower interest rates than they can get from a traditional lender.

Both traditional online lenders and peer - to - peer lending websites offer a variety of personal loan products that may fit your needs better than what you can find locally.

If you have less than perfect credit you still can apply for an instant cash loan because our lenders don't do traditional credit checks so it makes qualifying easy.

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.