PayPal Breaks Into Small Business LendingBy
Since bank lending to small business dried up in the aftermath of the financial crisis, a wealth of financing flavors for Main Street merchants has emerged. There are merchant cash advances, peer-to-peer lenders, and online term loans. There are more esoteric products, such as revenue-based lending, dynamic discounting, or industry specific factoring arrangements. What most of these models have in common: They’re more expensive than bank loans and their terms are harder to understand.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.