Why use a private short term lender? Perhaps one of the most significant differences is that Private lenders have their own funds to lend immediately. This means quicker decision, without the delay of a credit committee and faster settlement period than the banks. Time frames can be as quick as 3 working days from application to settlement. You need to pick a reputable lender .A lender that has been in the industry for a number of years.
When choosing a “short term loan” it should only be proposed where its use will bring a net improvement in the customer’s position, not as a source of easy finance.