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Former Obama Advisor Eyes Google, Amazon For SMB Lending

PYMNTS

Google and Amazon are ready to shake up the small business lending world and place competitive pressure on traditional banks, according to Karen Mills, advisor for small businesses to former President Barack Obama. Amazon has already made inroads in the small business lending space over the years.

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Stay Aware and Protect Against Hidden Charges

Segpay

Per the Forbes Advisor , rates range from 1.5% – 3%+ based on card type, with volume tiers and qualified vs non-qualified categories. This scales down to very small businesses, too. Watch for wide ranges up to 5%, letting processors apply the highest unpublished bands.