How can I get a small loan to cover personal expenses?
Most people have months where the bank account balance falls low and the bills pile up. When that happens, a small personal loan under $1,500 can help you cover unexpected expenses. Finding a small loan can be challenging if you’re looking at traditional sources, since many lenders don’t finance loans of that size. Personal funding can be even more challenging if you don’t have a good credit score. Luckily, there are lenders who provide small unsecured personal loans to help when you’re in a jam.
What types of lenders provide small personal loans?
While you probably won’t be able to walk into your bank and request one, there are many lenders who provide small personal loans. Private lenders provide unsecured small loans. Unsecured means that the loan does not need to be secured by collateral. Banks typically set a minimum borrowing amount of $3,000. For smaller loans, you’ll need to find personal loan lenders or tribal loan lenders.