Sentences with phrase «than traditional bank lenders»

It can be pricey, and factors are generally less regulated than traditional bank lenders.

Since a bad credit mortgage is considered risky, lenders may charge more in fees and interest than a traditional bank lender.

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.

«(With an alternative lender), the interest rates are higher, the qualifying rate is higher than if you were going with a traditional bank and they are going to charge one per cent of the mortgage amount (as a lender's fee) for closing, so that means your closing costs increase.»

Web - based lenders can command higher interest rates than traditional banks, but the odds of securing funding are substantially higher.

Online lenders, like OnDeck, look at your business differently than many traditional lenders, like the local bank.

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

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.

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.

Individuals seeking a mortgage loan should consider factors or circumstances that may make a mortgage lender a better choice than a traditional bank.

(A few years ago, those lenders were charging rates up to 400 basis points higher than traditional banks, which were focusing their lending on select top - tier clients.)

If you're selling goods or services to financially strong customers and have ongoing invoices, you can get substantially more financing than you'd qualify for with a traditional bank lender.

If you make less than $ 100K in annual revenue, traditional banks and most alternative lenders will not be an option for you.

There are some lenders that have APRs that are much lower than traditional banks.

Credit unions and online lenders generally offer better interest rates than traditional banks.

«Some of the best independent lenders use different criteria than a traditional bank or credit union to evaluate how likely a person is to repay a loan,» Gallegos points out.

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.

Auto financing for bad - credit customers is available through a traditional car dealer, but because your low credit score already dictates that you will pay a higher interest rate than consumers with good credit ratings, obtaining bad credit car financing through the dealership will be even more costly than through your bank, credit union, or a sub-prime lender.

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.

Many online lenders have rates that are equal to or less than those offered by traditional banks.

Not only were Quicken's interest rates better for Virginia, its loan fees were lower than quotes obtained from more traditional bank - based mortgage lenders.

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.

Basically, these lenders have lenient and flexible requirements than most traditional financial organizations like credit unions and banks.

As San Diego hard money lenders, SD Equity Partners understands the necessity of speed; we can provide funding much quicker than traditional lenders including banks and institutional lenders.

Interest rates charged by the Participating Lender are generally higher than a traditional loan for a similar amount issued by a bank or credit institution.

Peer - to - peer lending standards are significantly more lenient than banks», and these loans» interest rates are usually lower than those offered by traditional lenders, but the rates will likely exceed those on high - yield savings accounts, so you stand to make a much higher return with peer - to - peer lending.

The hope is that despite all these issues and conditions, that borrowers still get better rates than they normally would in a traditional bank setting with lenders competing with each other to fund their loans, and that lenders find a better avenue for their investment dollars along with the feeling of gratification that they're directly helping those who need the financial help.

Some traditional banks now offer loans with one to two - day funding times but more often than not, you may be waiting a week or more to get a loan from a brick - and - mortar lender.

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.

The new independent lenders use different criteria than a traditional bank or credit union to evaluate how likely a person is to repay a loan.

For starters, online lenders and credit unions tend to offer lower rates a than traditional bank.

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

Online lenders frequently offer better rates than traditional banks and they tend to be a bit more flexible when it comes to approving borrowers who have less than perfect scores.

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.

Most hard money lenders can also close much faster than a bank or traditional lender, so these loans are also good to consider if you need to purchase a property quickly.

Rather than go through banks, credit unions or other traditional lenders — which can be wary of customers with bad credit — CarsDirect's network includes car dealerships that offer in - house financing without running a credit check.

Lenders who do business on the Internet typically approve a greater number of borrowers for fresh start loans than traditional banks and credit unions.

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.

With peer to peer lenders, the company connects individual borrowers with individual investors, which allows for the borrower to get a lower interest rate in some cases than at a traditional bank.

The best mortgage rates we found in North Carolina were all provided by direct lenders, who tend to be more active about publishing their rates online than traditional banks.

Using the same assumptions to obtain rate quotes at New Jersey's most active mortgage lenders revealed that a purchase mortgage will cost more at a traditional bank than a direct lender by 12 or more percentage points.

Private lenders often provide bad credit mortgages with higher interest rates than traditional banks due to the risk typical in this kind of investment.

Lenders who do business over the Internet can typically approve a greater number of applicants for the loan money that they need because they have more working capital and are often willing to absorb greater instances of risk than a traditional lending institution, bank, or credit union will.

Private companies or individuals are more inclined to offer bad credit home loans than the traditional lenders such as banks and credit unions.

Because it involves great risk to the lender, even greater if there are no credit checks done before getting your cash advance to you in an hour, there is more interest charged on a cash advance than for a traditional payday loan or a bank loan.

Today's independent lenders use different criteria than a traditional bank or credit union to evaluate how likely a person is to repay a loan, yet they may not have the same type of staffing as a traditional lender.

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.

Our network of lenders uses different criteria to evaluate loan requests than traditional banks or lenders.

While OppLoans» interest rates are higher than traditional bank loans, that's because they're lending to a very different type of borrower — one who is likely to be rejected for a loan from other lenders.

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.