Compare · bank loans
Bank loan vs private business lender: an honest comparison
Traditional bank business loan vs private commercial financing from Westford: price, speed, collateral, covenants and when your bank is the better choice.
For many businesses, a relationship bank is the cheapest source of credit — when it says yes. Westford Capital Group is a private commercial lender; we compete on speed, flexibility and appetite rather than on headline price.
If you already have a bank offer on acceptable terms and timing, take it. If the bank is slow, has declined, or wants collateral you would rather not pledge, compare the alternatives below. Our bank-vs-Westford tool on Get funded lets you model both.
| Traditional bank | Westford Capital Group | |
|---|---|---|
| Typical price | Often lowest for strong borrowers | Spread over bank pricing; see rate sheet |
| Speed | Weeks to months | Under USD 10M: typically less than 14 days |
| Collateral | Usually required | Secured or unsecured options |
| Amount | Bank policy limits | USD 50,000 – 250M |
| Geography | Domestic focus | USA, UK & Europe, Canada, Australia, UAE, Asia |
When a bank usually fits better
- Strong balance sheet and long banking relationship
- Ample property or cash collateral
- Price matters more than timing
- Simple, standard facility
When Westford usually fits better
- Speed — under USD 10M typically closes in less than 14 days with a complete file
- Unsecured needs up to USD 1M term or USD 2.5M revolving
- Projects or cross-border borrowers banks find hard to underwrite
- Facilities up to USD 250M with tailored structure
What to compare in writing
- All-in cost including fees
- Covenants and reporting
- Security and guarantees
- Prepayment terms
- Time to funds
Next steps: check the eligibility checker, review indicative rates, run the calculator or apply. Prefer to talk? Call +1 (302) 579-5439 or book a deal officer.
Indicative information only; not an offer of credit. All facilities are subject to credit approval, KYC and documentation.
People also ask
Is a private lender more expensive than a bank?
Usually somewhat, in exchange for speed and flexibility. Compare written all-in costs.
My bank declined me — can Westford help?
Possibly. We assess cash flow and structure independently of the bank's decision.
Can I refinance later with a bank?
Yes; prepayment terms are stated in your term sheet.
How fast?
For facilities under USD 10 million with complete documents, Westford typically closes in less than 14 days. Larger or project-level facilities follow a diligence timetable agreed up front.
USD 1M+ facilities
Senior desk hours — Asheville & Dubai
Asheville, NC desk (HQ)
Mon–Fri 8 AM–6 PM local
Dubai desk · Business Bay – Bay Square
Mon–Fri 8 AM–6 PM local
Call +1 (302) 579-5439 or WhatsApp, or hold a 45-minute deal-officer slot below.
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