Borrower Beware! – A checklist to ALL Business Finance borrowers
- Are you paying any up-front fees excluding the Valuation Fee?
- Are you paying an interest rate in excess of 2.50% per calendar month
- Does your lender promote turnaround times of 24 – 48 hours?
- Does your lender advertise a PO Box as there place of business?
- Does your lenders website detail the name of the business owner?
- Does your lender advertise words such as “rapid” & “turbo” when describing their product offering?
If you answer YES to any of the questions detailed above please proceed cautiously with your Business Finance enquiry!
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