Gina Harman, CEO of Accion, the U.S. Network, was interviewed yesterday on Experience Pros, a Colorado-based business talk radio show. They discussed tips for small business owners when looking for a loan, and directed small business owners to familiarize themselves with the Small Business Borrowers’ Bill of Rights. Many lenders out there do not have the best interest of small business owners at heart. Knowledge of the Borrowers’ Bill of Rights can help small business owners protect themselves against these predatory lenders and the harm they can cause to themselves and their businesses.
Gina stated that the most important tip she would emphasize to small business owners and entrepreneurs looking for loans is “Do your homework!” Be sure to read the fine print on loan conditions and compare all your options – as with anything in life, “If it seems too good to be true, it probably is.”
The show’s hosts praised Accion’s position as a much-needed ally for small business owners and encouraged listeners to check out us.accion.org when considering applying for a loan.