Lenders vs "Funders": Predatory Lending Signs to Watch Out For

“If your mom asks how many eggs you want and you say ‘One’ and she makes you two and you eat both…

Who is better at math?”

RESPONSIBLE LENDERS

There's a reason that responsible lenders want you to show them that you can handle money before they are willing to lend it to you, without all the fees and high interest rates they use to mitigate risk.

 

PREDATORY LENDER SIGNS

Predatory lending is any lending practice that imposes unfair and abusive loan terms on borrowers, including:

  • High interest rates or financing costs

  • Payback terms 9-months or less

  • High fees for origination or closing

  • Terms that strip the borrower of equity 

  • Aggressive, high-pressure sales tactics

  • Deception tactics to get borrowers to take out loans they can't afford

  • Targeting vulnerable and cash-strapped businesses


BUSINESS DEBT & CASH FLOW SOLUTIONS
 

Bernarsky Partners LLC is a business financial services advisory firm comprised of finance professionals with extensive industry experience offering Business Debt Solutions.

 

Some of our Business Debt Solutions include:

1. REFINANCING BUSINESS DEBT

2. RESTRUCTURING BUSINESS DEBT

3. BUSINESS REORGANIZATION

4. BUSINESS CASH FLOW ANALYSIS

 

Setup a free consultation call  with us to review your business debt and cash flow situation, business goals and to discuss Business Debt refinancing and restructuring options.