Friday, December 28, 2018

A $150,000 Small Business Loan—From an App - The Wall Street Journal

Billy Joe Wilson was cooking up tater tots and chicken-fried-steak sandwiches in a food truck on the Texas Gulf Coast last fall when an app on his tablet asked if he wanted to borrow $5,000.

“It’s either one of those things that are too good to be true or it’s going to require a lot of time and effort where it’s not worth it for me,” Mr. Wilson said. Neither turned out to be the case.

The...



https://on.wsj.com/2ETG3qz

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