Why Lenders should use LoanBack
- Protect Your Interests - Using LoanBack to clearly define the terms and requirements of your loan helps protect you and your borrower, minimizing the risks to your personal relationship.
- Return on Investment - Personal loans can be a sound and profitable alternative investment for the savvy lender.
- Teach Responsibility - A personal loan can be a powerful tool parents or relatives can use to educate young adults about handling money and being fiscally responsible.
- Help Fulfill a Dream - For many people, a personal loan is the only avenue to starting a business, buying a home, consolidating debt or completing their education.
Protect Yourself with LoanBack
A personal loan between friends or relatives can help people achieve their dream of going to college, buying a home or starting a business. Unfortunately, personal loans, if not properly set up can put a loan and a relationship in default.
LoanBack helps lenders and borrowers develop personal loans that are clearly structured so that all parties understand their obligations.
LoanBack makes personal lending work!
More info for borrowers