1. These private lenders online are offering rediculatiously low interest rates. Interest rates are directly related to risk. So how can they be posting these interest rates before even doing a risk assessment.
2. The is no such thing a 100% funding the fact that you have been searching online means your own bank had rejected you putting you at high risk. So who would then fund you 100%,
3. When ever you borrow funds there will be collateral required by true lenders. Collateral value is always greater than funds being borrrowed.
My opinion rather turn to equity financing and avoid these traps.
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