private lending
[ˈpraɪvət ˈlɛndɪŋ]
noun
empréstimo privado
1. The act of loaning money from non-institutional lenders (individuals or private companies) rather than traditional banks or financial institutions
Private lending has become increasingly popular for small business owners who cannot qualify for traditional bank loans.
O empréstimo privado tornou-se cada vez mais popular para proprietários de pequenos negócios que não conseguem se qualificar para empréstimos bancários tradicionais.
2. A financial transaction between a private lender and a borrower without involvement of regulated financial institutions
She obtained the capital for her startup through private lending from an investor.
Ela obteve o capital para sua startup através de empréstimo privado de um investidor.
In Brazil, private lending (empréstimo privado) has grown significantly due to high interest rates from traditional banks and strict credit requirements. It encompasses both legitimate peer-to-peer platforms and informal lending among acquaintances. In the USA, private lending is a regulated alternative financing option, while in Brazil it ranges from formal fintech solutions to informal arrangements, sometimes with predatory terms. Understanding local regulations is essential as this sector is increasingly regulated by central banks.
NYC Slang
underground lending or street loans (informal/colloquial for informal private lending)
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