Around the world, nonprofit businesses which help small enterprises refinance debt

Around the world, nonprofit businesses which help small enterprises refinance debt

As Cory Elliott’s construction company boomed, her financial obligation woes started. She had been rejected by 10 banking institutions for funding to grow her St. Louis construction company, and a consultant that is financial hired recommended a popular alternative: a vendor advance 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.Continue reading