Business: When the Banks Don’t Lend – nytimes. com/video
by victer on Saturday, February 4th, 2012 | 14 Comments
With banks timid about lending, small businesses have turned to unconventional lenders like Hartsko Financial Services, which provides high interest short-term loans to small and midsize companies. Related Article: bit. ly
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thanks for this one.
we are very glad that rates above 12 pc are illegal in europe. the us etc is the last place we want to do business with for a large number of reasons legal insecurities being amongst them.
If someone called me a loan shark I wouldn’t lend him a dime. The guy is just looking for a free lunch.
I’m old I guess. I remember when this was illegal and called loan sharking.
i like that fat man, hehe, he seems like a snake, he is my idol , heheehe
agrreed
lol, he makes way more money than you with this outrageous interest, please dont hate on somebody when they have the things you dont have such as money
I think the thing they don’t understand is successful small businesses take time to properly setup, and it requires patience and hard work. If you sat there are earned $1 million to start a small business over 20 years, chances are you will work your ass off on making it successful and come up with an idea that is the best idea you could ever come up with.
With easy money its doubtful that will happen.
Hay PeddleBurg get off your fat ass and do a decent days work you fat twat!
Small business owners should checkout Peer to Peer Lending. A small biz with a good credit score can get anywhere from 7% to mid teen APRs financed over 3 years.
Lending Club and Prosper are good places to start.
40% really isn’t that much. Just be late on a credit card payment to the banks and see your interest rate shoot up to 30%.
It is nothing more than legalized loan sharking.
Boo hoo, it’s so unfair that we have to pay 40% APR to finance our use of slave labor overseas
Banks are run by real traitors… no less greedy and lesser traitors than those who sell a nation’s secrets out to enemy nations…
The Bailed out banks that don’t loan on reasonable terms to Small Businesses are anti-American. MOVE YOUR MONEY!