The real cost of BORROWING: Be aware of lender's fees before you sign on the dotted line

摘要

It would be an understatement to say small business lending has taken a significant blow over the past few years. The freeze on small-business lending may be starting to thaw. Small-business lending is rising, according to several surveys. Recently the Federal Reserve announced plans to pump up to $40 billion a month into the economy. While the Fed plans to purchase mortgage-backed securities, the strategy may make more money available for lending to growers, garden centers and nursery retailers. Unfortunately, with interest rates so low the only way many lenders can profit from small businesses lending involve "fees." Which brings up the all-important question: how much does that borrowed money cost?