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Online-only loans: Common predatory trends, techniques to take into consideration

Wednesday, March 18th, 2020

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 something such as this: be eligible for a a sizable amount of business money in only a matter of moments to get the funding within 48 to 72 hours!

Feels like a fairly deal that is clear-cut appropriate? Not necessarily. Several pervasive, well-funded advertising promotions have a tendency to abandon some essential details — through the exorbitantly high interest levels (up to 150 % APR) to high-pressure product sales pitches made to attract and retain your company. (more…)

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