The Summerland Advocate-Messenger - Reliable, Trustworthy Reporting, Capturing The Heartbeat Of Our Community

By Raul Arcos Hawkins
Business development specialist Center for Rural Affairs 

Research can help keep businesses from being victims of predatory lenders

 

December 16, 2021



Small businesses face challenges on a daily basis and the holiday season is no exception.

With the stress that comes with the holiday season, some small business owners become vulnerable to predatory lenders who target them with loans that seem too good to be true. However, small business owners can access many resources to make sure they don’t fall victim to a predatory loan.

As with any loan, research is key. For example, before applying for a loan, the business owner should research current interest rates to get a good sense of what they should expect. If a lender is offering something...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021

Rendered 10/20/2022 02:46