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Private money lending is making big inroads into the new economy. Millennials, and jaded California business people who are tired of bureaucratic processes of major lenders, are voting with their dollars for better options in the private money market.
That’s understandable. The mainstream credit market has an at least partly deserved reputation as a slow, unresponsive and in some cases completely outdated sector. People borrowing money don’t want to spend weeks doing it. Opportunities come and go Phil Jones England Jersey , and in business, twiddling your thumbs and saying “I am waiting for the bank†doesn’t really go down well in some sectors.
The bottom line here is that modern business money needs to be able to move fast. Compliance is one thing; dinosaur-like lethargy is another.
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