Sentences with phrase «terms than traditional bank»

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

Not exact matches

Other times, the terms set out by a traditional lender might not be agreeable, or a company could require a little more guidance than a bank would provide.

They have relatively low default rates and terms that are often better than traditional banks, according to the NCUA and Federal Deposit Insurance Corp. (FDIC).

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.

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.

«Because investments pledged via the EB - 5 program can not have any guaranteed rate of return (otherwise the capital invested is not considered «at risk»), from a developer's perspective, terms are greatly preferable to more traditional bank financing and are less dilutive than equity financing.

Using the service probably won't be better in terms of payment than many traditional banks or alternative lenders but it doesn't hurt to see what you qualify for.

Generally online banks compete by offering higher rates than traditional banks, but other banks offer short - term yields that rival the best.»

These lenders have less overhead than a traditional banking establishment, and they love to pass the savings on to you by giving you better rates and friendlier repayment terms.

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.

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.

Using the service probably won't be better in terms of payment than many traditional banks or alternative lenders but it doesn't hurt to see what you qualify for.

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.

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.

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 terms of a home equity loan are more flexible than those of a traditional bank mortgage, which is definitely the reason why so many people seek it.

«They may find that the marketplace can offer financing specifically for franchisees or health care businesses, or they may find that they can get a long - term loan backed by a guarantee from the U.S. Small Business Administration with less paperwork than if they went through a traditional bank.»

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.