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Personal loans are available from traditional banks, credit unions and online lending platforms. They typically range from $1,000 to $50,000, with few lenders offering loan amounts up to $100,000. However, more than 70% of Americans borrow less than $20,000, according to a Forbes Advisor survey. What’s more, many personal loans can be funded within a few business days so you don’t have to wait to get the money you need.
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