Why Payday Advances for Small Enterprises Are Bad News. As Cory Elliott’s construction company boomed…
Why Payday Advances for Small Enterprises Are Bad News. As Cory Elliott’s construction company boomed… As Cory Elliott’s construction company boomed, her financial obligation woes started. She have been rejected by 10 banks for funding to enhance her St. Louis construction company, and a consultant that is financial hired recommended a popular alternative: a vendor cash loan. Half a year later on, she had been having to pay over $14,000 a to service debt of $130,000 for two cash advances month. This sounds like payday loans for small businesses, as some critics have called merchant cash advances, you’d be on