Trying to be a Nice Guy in Small-Business Lending

Mandis wants to be a nice guy in high-rate small-business lending
Photograph by Clement Pascal for Bloomberg Businessweek

Steven Mandis was working on a book two years ago about whether Goldman Sachs put profit above principles when he decided to get into small-business lending’s version of subprime: a corner of Wall Street where brokers push loans with interest rates that can climb higher than 100 percent to dentists with bad credit and pizzeria owners behind on their bills.

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