All About Non Bank Financial Institutions
Non-bank financial institutes are those who do not have a banking license and they are not permitted to accept deposits from the public. They do however, offer other services line financial consulting, money transmission, check cashing, risk pooling and brokering and investment.u00a0Cresthill Capitalu00a0is an example of non-bank financial institute and they actually offer competition to banks. They help small businesses that require working capital. They are ready to finance most businesses except start-ups and they are not very keen to finance new ventures. The processing required by banks is not required and they do not ask for a collateral. They are welcome to undertake high risk investments. Loans are approved quickly without much hassle.
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