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:
2. RESTRUCTURING BUSINESS DEBT
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.