Money lenders and their types

Businesses or financial institutions that lend money with the expectation of getting it back sometimes later are called a lender. The lender will get an interest based on the loan amount. Under the category of the lender, there are banks, credit unions, moneylenders, etc. Usually, the banks and other financial institutions hesitate to give money for startups and charge a high rate of interest. In most cases, they deny as well. Lenders do not participate in the actual business like the shareholders. Lenders have no ownership in the business. So they do not face the risk of the business directly.Read More