Not exact matches
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.
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.
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.
Overall their payment system is still much more workable
than that of a
traditional bank loan process.
We stream line the
process so borrowers get through the
process faster
than any
traditional bank or
loan store.
They have a simple and streamlined application and approval
process that are much faster
than traditional bank loans.
Since personal
loans can be obtained through a variety of independent and online lenders, expediting approval within 24 hours is not unlikely, since the general turnaround
process is more streamlined
than that of a
traditional bank or financial institution.
As a hard money lender, Montegra has more flexibility in our underwriting
process than banks and other
traditional lenders do, allowing us to fund
loans that they can not.
A typically Hard Money
Loan's required docs & closing
processes are less stringent
than traditional Banks.
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.