Money Lender vs. Bank Loan for Business: A Deep Dive On Business Financing
Choose Moneylenders For The Following Reasons
- Convenient for low or poor credit score borrowers
- Need quick cash immediately
- Aren't qualified for bank and government-backed business loans
Choose Banks For The Following Reasons
- You want the highest possible loan amount you can get
- You have an existing bank account with them
- You want a long-term payment period.