By looking at small business lending and the qualification process differently, these lenders are
turning traditional credit models that rely heavily on personal credit score and specific collateral on their heads.
By looking at small business lending and the qualification process differently, these lenders are
turning traditional credit models that rely heavily on personal credit score and specific collateral on their heads.
Not exact matches
The explosive growth of the alternative lending industry has led to more access to
credit for small business owners that the
traditional banks had been
turning away, for sure.
We believe that
credit investing through
traditional, liquid hedge fund strategies will prove challenging for investors as the
credit cycle
turns.
In this scenario, a company may
turn to
traditional financing options to bolster its working capital such as loans, lines of
credit or cash advances.
This
turns out to be a good deal for borrowers because they get a better interest rate than they might through a
traditional bank loan or
credit card.
These findings
turn out to be as good or better to what we've seen in urban districts, where Linked Learning students are earning more
credits and graduating at higher rates than peers in
traditional high school programs.
With the ability to process a variety of tender types such as cash, check,
credit and gift / loyalty, merchants can leverage a BlackBerry and
turn it into a fully functional point - of - sale terminal for a more mobile and cost effective solution than
traditional legacy terminals.
We won't
turn down your loan because of bad
credit or bankruptcy like a
traditional lender.
If
credit card companies have
turned you down for a
traditional card, a secured card is an excellent way to build their confidence in you.
Some people
turn to title loans because they have lower
credit scores than what is accepted by
traditional banks to approve a personal loan.
In fact, title loans in Greensboro / Winston - Salem are probably the easiest types of loans to get, even for those with poor
credit or no
credit or for those who have been
turned down for other, more
traditional types of loans.
People with poor
credit score are not able to access
traditional loans and must
turn to mortgage brokers for help.
That's especially true, they say, for consumers who have thin files and would have otherwise been
turned down by lenders because they didn't have enough experience with
traditional loans, such as
credit cards and auto loans.
After proving unable to secure a loan with
traditional banks (even with the assistance of the Small Business Administration), Windy City Parrot owner Mitch Rezman
turned to Kabbage, which specializes in extending short - term lines of
credit to small - and medium - size retailers.
If you don't have much flexibility and aren't finding the flights you need to get home for the holidays with
traditional airline miles, then
turn to your
credit card points that can be used at a fixed value toward travel.
In addition, experts said that card issuers were
turning to other, less -
traditional ways to market cards since mailing
credit card offers is expensive.
Traditional lenders may
turn down a loan application for a number of reasons — timing issues,
credit scores, underwriting criteria, executive loan committee denials — none of which are deterrents to hard money lenders like Montegra.