In the United States, private borrowing is part of the solutions established and offered by an american private lender or private US investors who lend money to American individuals or entrepreneurs.
In the U.S.A, the primary purpose of the private loan is to provide a financial injection to an american borrower who does not want to go through an american bank who usually imposes restrictive preconditions for approving a loan facility.
In the United States, private financing has become a solid financing alternative for the consumer who is refused a loan by an American bank because of his professional situation or his credit score.
In the U.S.A, the private loan also has advantages as well as disadvantages because of a large number of frauds that are exploited by lenders who can misuse a borrowers' despair to take cash advances that they will never see again.
PRIVATE LENDING IN USA