Fast Money, Real Costs: What Small Businesses Should Know about Online Lenders

Online business loans are often promoted through trusted tools like point-of-sale systems and accounting software, making them easy to access—but not always easy to understand. These non-bank loans can carry steep costs and complex terms that may strain a business’s cash flow.

This webinar explains how online lenders differ from traditional banks, highlights the risks and tradeoffs of fast financing, and outlines when certain online loan options may still be worth considering if bank financing isn’t available. Small business owners will gain practical guidance to better evaluate loan offers and make informed borrowing decisions.

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