Business Talk: Small business loans

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Some banks are reluctant to offer a small-business loan program.

Mark Murphy of the Providence Business News explains.

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Flag Comment Posted by Bailey on July 25, 2009 at 4:18 am

A recession is never fun, and the doom, gloom, and general air of degradation and decay. It seems that there isn’t ever any good news, at least during this recession. Payday loan lenders get a lot of bad press, and it’s really unfair. Payday loan lenders offer people assistance if they need a little short term help with small, short term loans, and they charge a fee for their services – fair enough, right? Well, they get attacked anyway – but think about it: how many bankruptcies have you heard of caused by a payday loans lender? How many caused by credit cards or mortgages, though? The bulk of them, and there aren’t hidden fees or interest with payday loans like bank loans.  If you need fast cash to cover you for a week or two, try finding some payday loans online from payday loan lenders – they didn’t ask for a bailout.

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