Why Work With a Direct Lender Instead of a Bank?
When faced with the challenge of managing finances, many businesses turn to bank services for assistance. While banks may provide a certain level of convenience, many are opting to take the additional step of dealing with a direct lender (Trust Capital Funding) instead. There are a variety of reasons why a person may choose this specialized alternative to traditional banking.
The primary reason many opt to deal with a merchant direct lender instead of a bank is the added flexibility they tend to provide. Direct lenders provide a wide range of loan and credit options, including business financing, lines of credit, HELOC's and real estate deals. These products are often catered to the specific needs of the consumer, as opposed to the pre-packaged services banks tend to offer. Additionally, merchants tend to provide access to a larger pool of capital, making it easier for individuals to secure the financing that best suits their needs in a timely manner.
Another reason why a person might favor dealing with a direct lender instead of a bank is the customer service. These merchants often provide a more personalized experience, providing individuals with financial advisors who offer personalized plans and services based on individual needs. This type of advice often comes in the form of expert assessments and guidance to assist the customer in making informed financial decisions. Direct lenders are also renowned for their fast turnaround times on loan applications and funding, helping individuals save time and hassle associated with obtaining bank services.
Dealing with a merchant direct lender instead of a bank provides a variety of benefits, there are also a few drawbacks to consider. For example, some lenders have higher-than-average interest rates, making it important to read the fine print and thoroughly research the terms to ensure that the loans are affordable. Additionally, merchant lenders tend to take a longer loan processing time than traditional banks, but funding can be completed within the same day most of the time.
In conclusion, dealing with a merchant direct lender instead of a bank is becoming increasingly popular due to the added flexibility, customer service, and access to capital. But it’s important to research potential lenders carefully and compare terms and interest rates before committing to a loan. By understanding the potential benefits and drawbacks, you can make an informed decision about the best option for your financial needs. Trust Capital is not like the other lenders in this industry, we provide flexible financing and competitive rates to a variety of businesses and have been doing it for over 14 years. Let us show you what we have to offer by filling out our quick application and we can give you an approval without any impact on your credit score. After seeing what we have to offer, you'll be glad you gave us your time.