Alternative Lenders Peddle Pricey Commercial Loans Wall Street Journal FinTech.jpg

With Credit for Businesses Tight, Nonbank Lenders Offer Financing at a Price.

PHILADELPHIA, PA (January 7, 2014) - 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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