NEW-YORK PRIVATE LOAN
In New York, a private loan is considered as a common form of financing that is not obtained through a New York bank and is provided by a New Yorker private lender for a New Yorker borrower or an entrepreneur.
In New York, a private loan is intended primarily for the New Yorker individuals who cannot afford to a send a loan application to a New Yorker bank because of either lack of evidence of source of income or because of their poor credit score .
In New York, private financing is easy to find through the intermediary of authorized and regulated P2P platforms that connect private investors and New Yorker borrowers.
In New York, a private loan should be considered as an easy way to access cash without passing through New York banks, but any borrower must pay attention to the risk of fraud from unscrupulous lenders who cash upfront fees without offering funding.