Why use a private short term lender?

By November 15, 2016Short Term Loan
Short Term Loan, Short Term Loan Archives, Prime Finance

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.


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