if 12% a year requires subsidies, how are these guys doing it? I got a random email from a company called IOU. 15% a year and a 6% commission paid to the reseller.

"IOU Central offers:
• We are offering 14.99% interest rates on our 12 month loans.
• Reduced cost to borrow upon early repayment.
• Simple Interest business loans up to $100k.
• Pay 6% to our reseller partners on each closed loan.
• Easy paperless application and closing process – no faxing docs for closings.

We utilize a cash flow approach to underwriting and don’t have anything to do with credit cards or processing. "