Author Topic: Bloomberg story on merchant cash advance  (Read 2106 times)

WES

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Bloomberg story on merchant cash advance
« on: October 06, 2015, 04:22:17 PM »
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Completely unregulated, last year it surpassed the U.S. Small Business Administration as a source of loans for less than $150,000, . . . .They figured out how to hook people such as florists and pizzeria owners with promises of fast cash and discovered just how ridiculous the profits could be—even if it meant driving their borrowers into bankruptcy.
http://www.bloomberg.com/news/features/2015-10-06/how-two-guys-lost-god-and-found-40-million

Rob L

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Re: Bloomberg story on merchant cash advance
« Reply #1 on: October 06, 2015, 05:10:15 PM »
Thanks for the link. I've lead a sheltered life.