Brokers Get Big Commissions for Selling Entrepreneurs Costly LoansBy
Alternative lenders that cater to small businesses are a booming industry. Companies such as OnDeck and CAN Capital have attracted hundreds of millions of dollars in venture capital and doled out billions to Main Street merchants. With the help of Silicon Valley backers such as Google Ventures and Accel Partners, they’ve built reputations as technology-driven firms whose vaunted algorithms use social media profiles and other unconventional data to get money to small business owners that banks consider too risky.
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