Online-only loans: typical predatory trends, strategies to take into consideration
You’ve likely been flooded by direct mailers and web ads from online-only business lenders if you own and run a business or want to start one up. Their typical mantra goes one thing such as this: be eligible for a big amount of business capital in just a matter of moments and obtain the funding within 48 to 72 hours!
Feels like a pretty clear-cut deal, appropriate? Not necessarily. Several pervasive, well-funded advertising campaigns have a tendency to abandon some essential details — through the exorbitantly high interest levels (up to 150 % APR) to high-pressure sales pitches made to attract and retain your organization. Continue reading “Online-only loans: typical predatory trends, strategies to take into consideration”