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Online Lenders vs Traditional Banks and Credit Unions.
Deciding between an online lender vs a traditional bank or a credit union is a decision that you need to make depending on what your current objective is.
With traditional banks borrowing money can be time consuming, usually requiring a ton of paperwork, a business plan and a lengthy loan application process.
Online lenders or alternative lenders will usually require minimal paperwork and in most cases you can receive funding in under 48 hours.
Interest rates tend to be lower with a traditional bank, but take into consideration most bank loans require collateral while online lenders do not.
Qualifying for a traditional bank loan in the current financial climate can be a lot more difficult as opposed to dealing with online lenders.
Lenders offer more funding options for business owners with less than perfect credit.
Cash advances, invoice factoring, unsecured business loans are just some of the options available to borrowers without good credit history.
Orumfy works with multiple national funding lenders that can meet your specific needs for obtaining business funding with a low origination fee, better rates and repayment terms.
The time for procrastinating is over.
With the modern technology at your fingertips, you don’t have to wait.
Let Orumfy show you what you pre-qualify for in seconds and get the capital you need today.