Private Loan

Private lending refers to the practice of individuals or non-bank entities providing loans or financial assistance to other individuals or businesses. These loans are typically not offered by traditional financial institutions like banks. Instead, they are arranged privately between the lender and borrower. Private lending can involve various types of loans, including personal loans, real estate loans, or small business loans. It’s important to note that private lending often comes with higher interest rates and may involve more risk compared to traditional lending through banks or credit unions.