Not exact matches
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.
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.
Alabama residents can apply for a
loan up to $ 999, with shorter repayment
terms than traditional bank or credit union personal
loans.
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.