SMBs’ Online Lending Surge Raises Borrower Protection Concerns
PYMNTS
DECEMBER 30, 2019
Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business (SMB) loans despite economic growth in the U.S. But the majority of online SMB lenders do not disclose publicly their fees and interest rates, reports warned.
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