Results for tag: "Non Depository Financing"

Non-depository financing is a type of credit and loan that does not involve a bank or other financial institution. It is a form of alternative financing that is often used by small businesses and individuals who may not qualify for traditional bank loans. Non-depository financing typically involves a third-party lender, such as a private investor, venture capitalist, or peer-to-peer lender. These lenders provide capital to borrowers in exchange for a fee or interest rate. The terms of the loan are typically shorter than those of traditional bank loans, and the interest rates are often higher. Non-depository financing can be a useful option for those who need quick access to capital, but it is important to understand the risks associated with this type of financing. Borrowers should be aware of the fees and interest rates associated with the loan, as well as any potential penalties for late payments. Some companies in the non-depository financing market include Kabbage, LendingClub, Prosper, and Funding Circle. Show Less Read more