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Merchant Cash Advance Companies Using High-Interest Loans To 'Strong-Arm' Small Businesses | MSNBC

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>>> PREDATORY LENDING POPS UP AT

>>> PREDATORY LENDING POPS UP AT

THE MOST INOPPORTUNE MOMENTS.

IT’S SICKENING, AS MORE SMALL

BUSINESSES ARE STRUGGLING TO

SURVIVE, REGULATORS ARE CRACKING

DOWN ON A MAJOR GROUP OF LENDERS

TARGETING THE MOST VULNERABLE

BUSINESSES AND THEY’RE DOING IT

WITH HIGH-COST LOANS AND ABUSIVE

COLLECTION TACTICS.

THEY ARE CALLED MERCHANT CASH

ADVANCE COMPANIES AND THEY

PROVIDE NEARLY $20 BILLION IN

FUNDING LAST YEAR ALONE.

ONE OF THE LENDING COMPANIES IS

TAKING ACTION AGAINST NEARLY A

THOUSAND BUSINESSES ACROSS THE

COUNTRY WHO CAN NO LONG EARER AF

TO PAY.

NBC’S KATHY PARK HAS MORE.


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