[header] How to get a personal loan from a private lender [title] Understand the difference between private lenders and public lenders. [step] Private lenders are not banks, financial institutions, or credit unions. Instead, private lenders are non-institutional lenders who as companies or individuals loan money to others. 
Those who receive loans from private lenders are typically awarded money based on their relationship with the private lender. [title] Distinguish private lender personal loans from other types of loans.