Angel lenders who provide personal loans are not as rare as you may think. If you are desperate for a loan that is for a good cause, you could find a philanthropist who may approve a free loan and Angel loan.

The most common definition of what an Angel loan is, or what and Angel lender is, is a lender who invests capital in a business or enterprise. In reality the first definition of a Angel Investor was someone or entity that invests in a charity of some sort.

These kinds of investments generally come with strings attached. Meaning the lender will want to have briefings on how the investment is taking affect, and how the monies are being distributed.

To borrow money from an Angel investor you need to have a back ground that proves you are “worthy” of approval. You need to make sure your venture is extremely viable or investors and lenders will be very reluctant to approve their private funding.

Keep in mind that Angel lenders are usually private lenders that are not restricted by any government agencies, or societal and jurisdictional entities.

Many businesses who are in start up mode will consider and Angel investors if they don’t have any success raising capital from traditional sources – sources such as conventional banks and shareholders.

Other Posts of Interest

• July 12, 2010 -- Unconventional Loans in 2010/2011 – Personal Philanthropy Loans (0)
  Unconventional lending is going to be focused on in the upcoming weeks and months here at CLF. Carol...

A LOAN CALCULATOR FOR CRUNCHING YOUR NUMBERS IS BELOW; Enter your loan amount, how many years, the interest rate, and payment frequency (14 for biweekly, 30 for monthly, 7 for weekly. Very helpful so you know exactly what the loan will cost you in interest payments and you will know the total COB (cost of borrowing).

Loan Amount:

Interest:

Years:

Days between payments:
30 for a Month, 7 for Week
and 14 for Bi-Weekly. Easy!