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The Non Bank Lending market is a sector of the Credit and Loans industry that provides financing to individuals and businesses without the use of traditional banking institutions. This type of lending is often referred to as alternative financing and is typically provided by private lenders, peer-to-peer lenders, and online lenders. Non Bank Lending is often used to finance projects that may not be eligible for traditional bank financing, such as start-up businesses, real estate investments, and debt consolidation.
Non Bank Lending is typically more expensive than traditional bank financing, but it can provide borrowers with access to capital quickly and with fewer restrictions. This type of financing is also attractive to borrowers who may not have the credit score or collateral required by traditional banks.
Some companies in the Non Bank Lending market include LendingClub, Prosper, Kabbage, and OnDeck. Show Less Read more
