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05-19-2014, 01:05 AM #1A forum user
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APRs? Businesses aren't thinking like that
Darrell Esch, VP of PayPal SMB Lending in reference to alternative lenders charging fees that amount to an APR equivalent of 50% or higher...
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05-19-2014, 02:47 PM #2Senior Member
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Great prospective.
I think its understandable at this point that its not bank financing at money market rates. The reality is that real funds are getting into the system to help small business attempt to fulfill their American dream.
Like Darrell stated its not financing for a 4th flat screen on their wall, but funds available to actually hire an employee or developer to fund operations.
Alternative lending disrupting and displacing bank finance.
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