Successful small businesses are suffering…
Small businesses doing financially well are the businesses looking for installment loan funding. Normally businesses earning over $250,000 annually are considered successful. In any other economy, those are the businesses that wouldn’t need additional monies to function. However, with the recession weighing heavily on the market [...]
Payday loans are becoming staples of budgeting
With traditional methods of finding money quickly diminishing, payday loans are becoming increasingly popular. The failing economy is forcing lenders to drastically cut their underwriting budgets. This is a sharp turn from last year’s overzealous lenders who were handing out loans left and right. [...]
Nontraditional lending more popular
Payday loans and microloans are becoming more popular as the recession and the credit crunch have made it more difficult for borrowers to secure financing.
Even individuals and businesses with good credit are being turned away by traditional lenders. Individuals are turning to payday loans more often, and [...]