Choosing the right online lender

07/24/2013 | Entrepreneur online

Some online business lenders offer short-term loans accompanied by relatively high interest rates, and these terms might make sense for businesses with poor credit or the need for fast cash. Other online lenders are more like banks, issuing larger loans with longer terms and lower interest rates. Some are direct lenders, but new peer-to-peer lenders are emerging. Borrowers need to understand the type of loan they are seeking and its details, writes Ryan Himmel, founder and CEO of

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