How Do You Find Private Money Lenders Making Personal Loans?
A private money lender is an individual, investor or private company that makes personal loans to individuals wishing to extend their monetary capabilities. Unlike banks, credit unions, mortgage brokers and other non-private money lenders, these non-commercial entities often provide loans with less paperwork and regulations attached. Collect any personal financial data that may be relevant to your search for a private money lender. You will need to show proof of income and financial stability. Documents that may assist you include bank statements and financial details of your 401k, stock market brokerage account, and similar means of income. Search your local phone book for a private money lender. You may find them listed in the investment or bank section of your town or city’s Yellow Pages. You may also search online using a variety of localized search engines, including Google Local and Yahoo Local. Ask any contacts you have at a corporate entity such as a bank or credit union. Such
