What is the difference between Magilla and other sites such as Kabbage, Lending Club, and OnDeck?

These sites are essentially hard money lenders: short term loans, approved quickly, with higher than normal interest rates, generally for people who need the money fast and are willing to pay the higher interest rates for the money or for people who would not otherwise qualify for a loan with a traditional lender. Magilla is NOT a lender Magilla is…

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