4 Things US Online Lenders Can Give You That The Banks Can’t
These are the 4 things US online lenders can give you that the banks can’t:
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Speedy approvals
Online lenders often provide money within a few days, while traditional lenders generally take a few weeks or months.
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Higher approval rates
Online lenders use advanced algorithms on which they base their approval decisions, with the overall health of business being the deciding factor instead of the credit score.
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Unsecured loans
Online lenders typically offer unsecured business loans, which is ideal for the small business owner. This means that you don’t to put any of your assets at risk.
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Easier application
Because applications are online, the entire application process is quicker and easier. There’s less paperwork, and you don’t need to wait in line at the bank.
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Disclaimer: The above information is of a general nature. Before receiving a business loan you should consider the loan agreement and finance documents provided by the lender, and whether the loan is suitable for your business.
