APR For All Press Conference at the Illinois State Capitol скачать в хорошем качестве

APR For All Press Conference at the Illinois State Capitol

The Coalition for Small Business Lending Transparency (CSBLT) is a group of small business owners, lenders, nonprofits and advocates working to pass the Small Business Financing Transparency Act (HB744 HA #1) in Illinois to require non-bank lenders to disclose APRs to small business borrowers. Learn more at APRForAll.com. As individual consumers, we have long had the right to know the true cost of a loan. We shop for credit cards, car loans, and mortgages based, in large part, on the product’s Annual Percentage Rate (APR). But in Illinois, small businesses are still being kept in the dark. Non-bank lenders are not required to disclose APR. We believe every entrepreneur deserves the same basic transparency when shopping for financing as consumers have. Passage of the Small Business Financing Transparency Act would enable entrepreneurs to make informed decisions, protect their employees, and keep wealth in our communities.