Owners Corner: Loan Brokers – Spaghetti on the wall?
Info January 21, 2016
One of the primary questions and a “catch phrase” of scammer loan brokers is ironic… Why pay up front fees for a business loan?
Well they are right you would be CRAZY to right? Business loan brokers “sell” how they can get anyone financed, the best rates in the world, and on and on right? Well did you know that 99% of all business loan requests are declined and don’t make it through the first phase? So how can these loan brokers say such things? Why would they tout this “just give me your social and I will get you financed?” Well the 1% is VERY lucrative! Besides what small business owners DON’T know is that there are no commissions for the good loans!
