As any small business owner knows, getting easy access to credit can be a challenge. You've already hit up friends and family for a business loan and the time and paperwork involved in applying for a bank loan are just too daunting. But like most challenges these days, the Internet is here to help.
More and more businesses are foregoing traditional bank loans and instead turning to online lenders to meet their cash needs, mostly because access to capital can be quicker and more convenient. But is there a price to pay? Here are three things you should know about online lenders: