.png)
There are two different types of loans: secured loans and unsecured loans. Understanding the differences between the two is an important step in achieving financial literacy, and can have a long-term effect on your financial health.
Basically, a secured loan requires borrowers to offer collateral, while an unsecured loan does not. This difference affects your interest rate, borrowing limit, and repayment terms.
There are pros and cons to choosing...
Read More
PRISM (“Propensity and Risk Model”) represents ACL’ suite of predictive data models that are used to enhance our understanding of a potential borrower. This enables us to price risk in a way that we believe better reflects a business’ true potential.
The benefit to borrowers is that we can often fund loans that other lenders cannot, because their lending decisions are restricted by traditional forms of credit assessment. PRISM is a key component in helping us make better lending decisions, particularly for growing companies who, we believe, continue to be underserved by traditional lenders such as the big banks.
... Read More
.jpeg)
.jpeg)
.png)