{"id":1822,"date":"2023-12-07T15:30:47","date_gmt":"2023-12-07T15:30:47","guid":{"rendered":"https:\/\/myprivatelender.com\/?p=1822"},"modified":"2023-12-07T15:30:51","modified_gmt":"2023-12-07T15:30:51","slug":"bank-said-no-go-private","status":"publish","type":"post","link":"https:\/\/myprivatelender.com\/2023\/12\/07\/bank-said-no-go-private\/","title":{"rendered":"Bank said no, Go Private!"},"content":{"rendered":"\n<p><br>Private lenders are individuals or non-institutional groups that offer loans or financial assistance to individuals, businesses, or organizations. They operate outside the traditional banking system, providing an alternative to borrowing from banks or credit unions. Here are some key aspects about private lenders:<\/p>\n\n\n\n<ol>\n<li><strong>Flexibility:<\/strong> Private lenders often have more flexibility in their <strong><a href=\"https:\/\/myprivatelender.com\/lending-guidelines\/\" target=\"_blank\" rel=\"noreferrer noopener\">lending criteria<\/a><\/strong> compared to banks. They might consider factors beyond credit score, such as the value of collateral, business plans, or individual circumstances.<\/li>\n\n\n\n<li><strong>Various Types:<\/strong> Private lending can take various forms, including individuals offering personal loans, groups investing in real estate or business ventures, or peer-to-peer lending platforms connecting borrowers with individual investors.<\/li>\n\n\n\n<li><strong>Higher Risk Tolerance:<\/strong> Private lenders might be willing to take on higher risks that traditional financial institutions avoid. However, this often comes with higher interest rates or different terms to offset the increased risk.<\/li>\n\n\n\n<li><strong>Speed:<\/strong> Private lenders can often process loans more quickly than traditional banks. This can be advantageous for borrowers seeking immediate financial assistance or those who might not meet conventional lending criteria.<\/li>\n\n\n\n<li><strong>Specialized Lending:<\/strong> Some private lenders specialize in specific types of loans, such as real estate financing, small business loans, or personal loans for individuals with unique financial situations.<\/li>\n\n\n\n<li><strong>Relationship-Based:<\/strong> In many cases, <a href=\"ttps:\/\/myprivatelender.com\/borrowers\/\"><strong>private lending<\/strong><\/a> involves a more personal and direct relationship between the lender and borrower. This can lead to tailored solutions and a more personalized approach to lending.<\/li>\n\n\n\n<li><strong>Regulation and Risks:<\/strong> While private lending offers flexibility, it also carries risks. Regulations might be less stringent compared to traditional lenders, potentially exposing borrowers to higher interest rates, less protection, or unscrupulous practices from some lenders.<\/li>\n<\/ol>\n\n\n\n<p>When considering borrowing from <strong><a href=\"https:\/\/myprivatelender.com\/free-consultation\/\" target=\"_blank\" rel=\"noreferrer noopener\">private lenders,<\/a><\/strong> it&#8217;s essential to thoroughly understand the terms, interest rates, repayment schedules, and any associated fees or risks. Consulting a<strong><a href=\"https:\/\/myprivatelender.com\/free-consultation\/\" target=\"_blank\" rel=\"noreferrer noopener\"> Private Lender Inc. <\/a><\/strong>advisor or attorney before entering into an agreement can help ensure a clear understanding of the terms and protect your interests.<\/p>\n\n\n\n<p>Call 403-253-2022 for free consultation today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private lenders are individuals or &#8230;<\/p>\n","protected":false},"author":2,"featured_media":1707,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[32,48,46,33,40,30],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank said no, Go Private! - Private Lender Inc.<\/title>\n<meta name=\"description\" content=\"Private lenders are individuals offering mortgages and loans, financial assistance to individuals, businesses, or organizations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myprivatelender.com\/2023\/12\/07\/bank-said-no-go-private\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank said no, Go Private! - Private Lender Inc.\" \/>\n<meta property=\"og:description\" content=\"Private lenders are individuals offering mortgages and loans, financial assistance to individuals, businesses, or organizations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/myprivatelender.com\/2023\/12\/07\/bank-said-no-go-private\/\" \/>\n<meta property=\"og:site_name\" content=\"Private Lender Inc.\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/PrivateLenderInc\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-07T15:30:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-07T15:30:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/myprivatelender.com\/wp-content\/uploads\/2023\/05\/mortgagepro-advisory-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1186\" \/>\n\t<meta property=\"og:image:height\" content=\"181\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zoltan Padar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zoltan Padar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/myprivatelender.com\/2023\/12\/07\/bank-said-no-go-private\/\",\"url\":\"https:\/\/myprivatelender.com\/2023\/12\/07\/bank-said-no-go-private\/\",\"name\":\"Bank said no, Go Private! 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