Toon of the Week: Adjustable Rate

By Rachel Walker on January 20, 2008 in Business Loans |


From the New Yorker: 

“When I mortgaged my soul, you didn’t tell me it had an adjustable rate.” (Man talking to devil in office.)

As the old adage goes:  The large print giveth, the small print taketh away. 

More and more individuals and small businesses are learning this the hard way now that interest rates are shooting up.  To make things worse, their revenues are also suffering in this economy.  And, to add insult to injury, if they need a new loan, or want to refinance - they are rejected.

All this is a great reason to look at alternative financing.  Whether it is person-to-person financing (prosper.com) or something along the lines of what we do (credit card factoring) - it is in your business’ best interest for you to explore your options.





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