LEARNING AREA: Economic Development
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Unaffordable and Unsustainable: The New Business Lending

Author:

Opportunity Fund

Year:

2016

Description:

As banks have cut back on lending to small businesses, a new breed of predatory lenders have emerged who use loopholes in commercial loan regulations to trick small business owners into loans with high interests and unfavorable terms. As a result, small businesses around the country are going into unsustainable debt and bankruptcy.