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How exactly to Protect your online business from Predatory Lenders, Fraud, and frauds

Simple tips to Protect your online business from Predatory Lenders, Fraud, and frauds

Michael Medina, Loan Consultant at Accion East, provides tips and tricks to guard your business that is small from, predatory lenders, and frauds. It’s an essential topic in 2020 because as a result of the increasing prevalence of predatory lenders, plus a rise in scammers falsely posing as SBA loan providers which are focusing on smaller businesses looking for money to endure the shutdown that is COVID-19.

Alternative Funding

Medina claims that with the upsurge of internet banking, there’s been a rise in alternate financing and a number of brand brand new lenders and loan kinds available electronically too. Before you apply with any loan provider, do your homework and see the print that is fine completely understand the terms offered, as each loan provider differs from the others. Continue reading