Sentences with phrase «rather 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.

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.

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.

The major distinction between banks and nonbanks is that nonbanks focus on loans, rather than taking deposit accounts like checking and savings and aren't as tightly regulated as traditional banks.

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.

Unlike a traditional lender, such as a bank or credit union, LoanMart looks at a customer's equity of their vehicle and their ability to repay the loan and bases their loan / funding amount on this number, rather than a credit score.

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.