A Shortage of Affordable, Responsible Microfinancing
Small businesses drive our economy. Entrepreneurship is a proven path to the middle class. Every day, small business owners around the nation roll up their sleeves and pour sweat and tears into their own endeavor. Yet, the gap between what small businesses receive in credit and what they need is enormous.
Without adequate funding, many owners are forced to cut back, stifling growth and opportunity. Some will fall victim to a new breed of “alternative” lenders with exorbitant rates and punishing terms that threaten the health of the business.
Fortunately, not all non-bank lenders fall into this category, and we applaud those that have signed on to the Small Business Borrowers Bill of Rights.
Learn more in our research report — Unaffordable and Unsustainable: The New Business Lending on Main Street — found in our publications.