January 21, 2015
The City of Chicago announced a new campaign geared toward educating small businesses on how to identify predatorial lenders and practices last week.
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Chicago Launches Campaign to Assist Business Owners Defend against Predatory Lenders
A new campaign has been launched by the City of Chicago to help educate small business owners on how to identify and avoid predatory lenders. In recent months, Business-to-Business (B2B) lending institutions including Merchant Cash Advance (MCA) have accelerated their marketing efforts, resulting in several local small businesses signing on to loans that they cannot afford.