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I want to get some financing for my small business, I can find hundred of websites that offer such... but their webpages have absolutely no addresses, no license numbers, no names, just a fictitious name and a phone number.

Could these businesses offering loans be legitimate? How/why would anyone ever make such offers without real contact information? Why wouldn't there be better consumer protections against such businesses?

closed as off-topic by Nathan L, keshlam, MD-Tech, JoeTaxpayer Jan 27 '17 at 18:20

  • This question does not appear to be about Personal Finance within the scope defined in the help center.
If this question can be reworded to fit the rules in the help center, please edit the question.

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    Asking a general question about whether the majority of small business loan sites returned in a web search doesn't sound like personal finance, but maybe you can make the connection better with an edit. – Nathan L Jan 25 '17 at 23:58
  • Well... often a person with a small business considers that business as part of his personal assets and views it as part of their own personal finance. Also you have a "small-business" tag... That being said, I can delete my question if you think it's way off for this stack. Thanks for the edits. – Alexis Wilke Jan 26 '17 at 0:15
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    I would invite you to look through the help-center about what is on-topic. My opinion is only one among many. Small business can be related to personal finance, I would just like to see a stronger connection. – Nathan L Jan 26 '17 at 0:17
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In the United states the US government has the Small Business Administration. They also have Small Business Development Centers SMDC to help. These are also supported by state governments and colleges and universities.

SBDCs provide services through professional business advisors such as: development of business plans; manufacturing assistance; financial packaging and lending assistance; exporting and importing support; disaster recovery assistance; procurement and contracting aid; market research services; aid to 8(a) firms in all stages; and healthcare information. SBDCs serve all populations, including: minorities; women; veterans, including reservists, active duty, disabled personnel, and those returning from deployment; personnel with disabilities; youth and encore entrepreneurs; as well as individuals in low and moderate income urban and rural areas. Based on client needs, local business trends and individual business requirements, SBDCs modify their services to meet the evolving needs of the hundreds of small business community in which they are situated.

SBDC assistance is available virtually anywhere with 63 Host networks branching out with more than 900 service delivery points throughout the U.S., the District of Columbia, Guam, Puerto Rico, American Samoa and the U.S. Virgin Islands,.

Your local SBDC should be able to help you identify local sources of funds, including government backed loans for small businesses.

  • Does that mean that only verified lenders can do work with the SBA agency? Thus adding that protection to small business owners? – Alexis Wilke Jan 26 '17 at 23:24
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Well, these can range from loan broker to outright scams. It is pretty typical that loan broker just take some fee in the middle for their service of filling your applications for a bunch of real loan provider companies. Because making a web page costs nothing, a single loan broker could easily have many web pages with a bit different marketing so that they can get as many customers as possible.

But of course some of the web pages can be actual scams. As soon as you provide enough information for taking out a loan, they can go to a real financial institution, take out the loan and run with the money.

In most countries consumer protection laws do not apply to business-to-business transactions, so you have to be even more wary of scams than usual.

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