With Credit for Businesses Tight, Nonbank Lenders Offer Financing at a Price.
When Khien Nguyen needed $180,000 to open his 13th nail salon near Philadelphia in November, he didn't go to a bank. Mr. Nguyen's credit score had dropped during the recession, so he figured a bank would put him through weeks of aggravation, then reject him.
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Providing the first viable alternative to predatory online lenders, SourceFunding.org works exclusively with high quality traditional lenders. These lenders include Community Banks, Credit Unions, CDFIs, and State and Local Economic Development Finance Initiatives. Learn about our Responsible Finance Network here.