The way small business owners borrow money is transforming. Innovators now provide faster and easier applications, as well as increased access to credit in underserved communities. This shift can change the lending landscape for the betterâbut only if itâs built on transparency, fairness, and the rights of borrowers.
To that end, we've identified the fundamental financing rights we believe all small business owners deserve. Weâre encouraging the entire small business financing industry to join us in upholding them in the Borrower Bill of Rights, and in making small business lending as easy, fast, and fair as possible.
Endorsers are those who care about responsible business lending practices and support the Borrower Bill of Rights, but donât offer their own small business financing services. If you would like to endorse the Bill of Rights, contact us .
We recognize that small business owners trust their loan brokers to help them make sense of the complicated loan process. With that in mind, we pledge to always act according to the following principles.
We endeavor to be impartial in the advice and loan products we offer to borrowers, and agree to disclose in advance any conflicts of interest that could reasonably compromise that impartiality. We will:
We agree to transparently and prominently disclose all information about loan options, including fees and terms, that borrowers need to make financing decisions. We will:
We promise to empower borrowers to make informed decisions, and will only recommend credit products that are in their own best interest. We will: