From the New Yorker:
As the old adage goes: The large print giveth, the small print taketh away.
More and more individuals and small businesses are learning this the hard way now that interest rates are shooting up. To make things worse, their revenues are also suffering in this economy. And, to add insult to injury, if they need a new loan, or want to refinance – they are rejected.
All this is a great reason to look at alternative financing. Whether it is person-to-person financing (prosper.com) or something along the lines of what we do (credit card factoring) – it is in your business’ best interest for you to explore your options.