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Why Payday Advances for Smaller Businesses Are Bad Information As Cory Elliott’s construction company boomed, her financial obligation woes began. She was indeed refused by 10 banking institutions for funding to enhance her St. Louis construction company, and a monetary consultant she hired proposed a popular alternative: a vendor advance loan. Half a year later, she had been having to pay over $14,000 a thirty days to program financial obligation of $130,000 for just two payday loans. This sounds like […]
RESEARCH REVIEW: Just How Do Small-Dollar Nonbank Loans Work? LEARN REVIEW: Just How Do Small-Dollar Nonbank Loans Work? A senior affiliated scholar with the Mercatus Center at George Mason University, whose research for its Program on Financial Regulation, focuses on small-dollar loans in the first of a series of posts reviewing studies that are particularly helpful in understanding the nature and role of Traditional Installment Loans, we examine the 2019 study How do Small-Dollar Nonbank Loans Work?