Private lending is an alternate way to loan money to borrowers who may otherwise be unable to get approval traditionally. A private lender can be a person or a business with capital to invest and is seeking to earn a higher return on their funds. If you’re interested in private lending, you will need to follow a few steps to become one. The concept of private lending may seem simple, but you will need to identify your preferred lending focus, calculate potential returns and risk levels, and, most importantly, know your borrowers.
Original Article Source Credits: Government Of Canada , https://www.canada.ca/
Article Written By: NA
Original Article Posted on: 2017-02-28
Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/investing/investing-3.html
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