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Recap of FTC Small Business Financing Forum
The Federal Trade Commission has posted a new paper that provides a look at the information covered in the FTC’s Strictly Business forum on small business financing. The paper outlines a number of topics discussed by participants in the forum. It provides an overview of small business lending and the emergence of new online options available to businesses seeking financing. The paper covers both potential benefits and consumer protection concerns around these online lending options for businesses, and explores in detail consumer protection issues associated with merchant cash advances.
The Commission has also created a direct complaint link for small businesses to submit lending- or financing-related complaints. The agency encourages small business owners to submit complaints if they have experienced potentially unlawful conduct.