San Diego Business Journal

Failing to Grasp Loan Terms Can Be Costly to Companies

FINANCE: Online Lenders Offer Fast Cash at a Price By Sarah de Crescenzo Originally published June 26, 2017 at 3:26 p.m., updated June 22, 2017 at 1:34 p.m.
   

Garret Akerson, who with his wife, Deeanne, founded the Oceanside-based e-commerce company Kindred Bravely, says it’s easy for small business owners to get in financial trouble by borrowing money from online lenders promising fast cash at high interest rates. Photo courtesy of Garret Akerson

Garret Akerson, who with his wife, Deeanne, founded the Oceanside-based e-commerce company Kindred Bravely, says it’s easy for small business owners to get in financial trouble by borrowing money from online lenders promising fast cash at high interest rates. Photo courtesy of Garret Akerson

— For the husband-and-wife team behind Kindred Bravely, an Oceanside-based e-commerce retailer of maternity clothing, it was their business success — not their struggles — that prompted them to turn to a well-known online lender...

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