Renaissance is Your Community Business Partner
Learn about our low-interest small business loans
Contact UsJing Wang of JCW Import & Export (Queens). Photo by Whitney Browne.
Renaissance is Your Community Business Partner
Learn about our low-interest small business loans
Contact UsLatest News
Predatory Lending is on the Rise – What Small Business Owners Need to Know
Since COVID-19’s outbreak, REDC has noticed an increase in clients who have fallen victim to predatory financing schemes that rely on misleading numbers and terminology to disguise extremely high rates of repayment. REDC has now analyzed several such cases and noticed many similarities. One critical tactic is not presenting the product as a “loan” at…
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