a short-term bridge loan that is used for acquisitions, turnaround situations, foreclosures and bankruptcies
Additional loan funding for unmet college expenses from private lenders. Requirements and repayment terms vary. A credit check is usually required. Ohio State will certify your eligibility for you if needed. Please visit the Private Loan page for more information.
A credit-based consumer loan that can be used for any education-related purpose, including books, tuition, room, board, and transportation. In general, private loans cover the total cost of education minus any financial aid. Borrowers, co-borrowers, and/or sponsors must have an established credit history.
A loan made available to student borrowers through lending institutions. These loans are not part of the federal student loan program.
Uninsured educational loan funded by a lending institution. As opposed to federal educational loans that are insured by the government. Private loans are also called Alternative loans.
Sometimes called Alternative Loans, Private Loans are non-government loans offered by banks, credit unions and other lenders. These loans are not based on financial need, but rather on your creditworthiness and ability to repay. Private loan are designed to supplement federal loan programs and can be used for a wide range of education purposes, including tuition, books, living expenses and computers.
a loan that is created through a private lending institution, has a private guarantor, and is not part of the Federal Family Educational Loan Program
A loan financed by private investors. Gold Country Lenders can arrange for private loans when traditional financing may not be available if the borrower, property, or project is of a unique nature. Private Loans are frequently used as construction loans, as temporary financing, while permanent financing is secured. Construction loans are a specialty of Gold Country Lenders, and can be arranged for spec homes and custom projects. See also Hard Money Loan.
Usually an unsubsidized loan that is not insured and is used to supplement other less expensive loan programs (also referred to as an alternative loan).
An education loan program that is not sponsored or guaranteed by the federal or state government.