Monitor

Concern Rises as Small Businesses Borrow from Unregulated Online Lenders

DEC 31, 2019 - 7:00 am The Wall Street Journal reported that small businesses continue to borrow from unregulated online lenders, raising concerns about “sky-high” rates and other costly terms. In 2019, one-third of small businesses applied for a loan, up from 19% in the previous year, according to research from the Federal Reserve. The Journal reported that tech-enabled lenders are mee ...