No matter how much we want to be financially independent, there are just times when we have no other choice. In times of emergency, we end up borrowing some money. Lending or financing as we know is the means of providing money or property to someone with the expectation that it will be repaid after a certain period of time. However, when it comes to the business industry, lending refers to so much more. Make sure that before you lend money, you are aware of the different types of money lenders and you know which one of them can really help you.

Commercial Loan Classifications

Lenders lay down funds for several reasons. These loans are termed based on how the borrowed money will be used.

  • Mortgage
  • Personal Loans
  • Small Business Loan
  • Business Loan

Take note that lenders are far from shareholders. If you are going to use the money for your business, the lenders will not be a part of your corporation and they technically do not have any ownership in your business.

The Lenders

As defined by Investopedia, “lenders” can be an individual, a private or public group, or a financial institution that offers funds to someone with the expectation of being paid in return. Consequently, the repayment will come with the interest fees which can be paid monthly or in a lump sum.

Types of Money Lenders

As we all know, the most common types of lenders include credit unions, banks, and other financial institutions. However, as people’s financing needs continue to grow, the term has also expanded to other sources of funds such as:

Family and Friends

Firstly, the very basics of lending. Filipinos tend to borrow or ask for money from friends and family. However, getting a loan from someone you know ends up involving personal issues that can literally complicate your life. To avoid this, you must create a loan agreement.


Smart business owners tend to separate their personal funds from their business funds, most especially if it’s not a solo business. If the time comes that your business needs some extra financing, you can consider borrowing to yourself instead of investing in it. However, to make sure that you will be repaid, you must write a contract that says that you are the lender yourself. State the time you must be repaid and include the consequences if the business dodges the payment.

Peer-to-Peer Lending

Peer-to-peer lending is one of the most used lending platforms today. This lending process allows individuals to acquire loans from other individuals, the main reason why it is also termed as crowdlending or social lending. P2P lending companies usually function online and make use of their websites to connect lenders to borrowers.

Vidalia Lending provides a trusted and convenient loan application for individuals like you. If you are looking for lower interest rates, no prepayment penalty, and truly secured loan services, check out our peer-to-peer lending platform today.


Crowdfunding is the process of using social media and other websites to gather entrepreneurs and investors to collect small amounts of capital to finance a new business venture. Kickstarter is known to be the largest crowdfunding website as of 2019. Ever since the website is launched back in 2009, the site was able to fund over 160,000 projects. The best thing is that they do not require any interest fees.

Confused about what to choose? Before you look for a lender, finalize what kind of loan do you need or if you have any collateral to offer. Consider all of the factors that may affect your loan application approval and ready all of the possible requirements.

Urgently need some cash? If you are looking for someone to borrow money from, why not try our fast and easy lending services? Here at Vidalia Lending, you can get your much-needed cash as fast as 2-3 days. Simply visit our website and choose from our different types of loans. Explore the benefits of our Personal Loan, Salary Loan, Business Loan, and Small Business Loan.

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