Payday loans for business
- Down the hatch…
Payday loans are for individuals, but another form of them are also good for business. Allow me to explain…
Recently, PBS Online Newshour’s “The Business Desk with Paul Solman” fielded an important question about whether businesses are able to function without loans. The question was posed by reader Dennis Long of Santa Monica, California.
Solman handles the question with the help of guest Simon Johnson from MIT.
The question, please
Here is Mr. Long’s question:
Borrowing money to buy new equipment and upgrade makes sense. Borrowing money to pay rent and make payroll sounds a lot like using a payday loan center to borrow against his paycheck. With the collapse of the “Commercial Paper Market” last fall, it became apparent to me that ALL of the major corporations, banks, and many municipalities are unable to function without their “SuperSize” Payday Loan center. Am I wrong? ... click here to read the rest of the article titled "Commerical Paper Market Collapse = Payd ay Loans For Business"
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