Are Online Lenders Safe? What to Know Before You Apply

Online lending has made financing more accessible, but not every lender operates the same way. Before clicking “apply,” it’s important to understand how to identify trustworthy lenders and avoid costly pitfalls. In this session, you’ll learn:

• How online loans differ from traditional bank financing
• How to evaluate the legitimacy and reputation of online lenders
• Red flags that signal potential scams or predatory lending
• What to look for in loan terms, rates, and repayment structures

Join us so you can make informed borrowing decisions for your small business.

Funded in part through a cooperative agreement with the U.S. SBA. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact mainesbdc@maine.edu