Jacobs concedes On Deck is a more expensive
option than traditional lenders.
Not exact matches
If you make less
than $ 100K in annual revenue,
traditional banks and most alternative
lenders will not be an
option for you.
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.
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.
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.
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.
Use: When
traditional lenders can not react in time, hard money acquisition loans offer borrowers funding
options that can be closed within weeks rather
than months.
This new financing
option fills a need for developers in special - case situations such as value - add properties, lesser credit, secondary locations, less -
than - perfect borrowers and other factors often deemed undesirable by
traditional lenders.